Scottish American Investment (LON:SAIN) Shares Up 1% – Time to Buy?

The Scottish American Investment Company P.L.C. (LON:SAIN)’s stock price was up 1% during trading on Wednesday . The company traded as high as GBX 513 ($6.50) and last traded at GBX 513 ($6.50). Approximately 419,023 shares were traded during trading, an increase of 56% from the average daily volume of 267,784 shares. The stock had previously closed at GBX 508 ($6.44).

Scottish American Investment Stock Up 1.0 %

The stock has a market cap of £914.78 million, a P/E ratio of 1,026.00 and a beta of 0.65. The company’s 50 day moving average price is GBX 509.07 and its two-hundred day moving average price is GBX 510.92. The company has a quick ratio of 3.87, a current ratio of 4.03 and a debt-to-equity ratio of 9.75.

Scottish American Investment Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 14th will be issued a GBX 3.70 ($0.05) dividend. This represents a dividend yield of 0.73%. This is a boost from Scottish American Investment’s previous dividend of $3.55. The ex-dividend date is Thursday, November 14th. Scottish American Investment’s dividend payout ratio is currently 2,800.00%.

Scottish American Investment Company Profile

The Scottish American Investment Company P.L.C. is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. The fund is co-managed by Baillie Gifford & Co and OLIM Property Limited. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.