Scottish American Investment (LON:SAIN) Shares Down 1.4% – Here’s Why

The Scottish American Investment Company P.L.C. (LON:SAIN)’s share price was down 1.4% during trading on Thursday . The company traded as low as GBX 493 ($6.16) and last traded at GBX 495 ($6.19). Approximately 497,347 shares changed hands during trading, an increase of 82% from the average daily volume of 273,373 shares. The stock had previously closed at GBX 502 ($6.27).

Scottish American Investment Price Performance

The company has a debt-to-equity ratio of 9.75, a quick ratio of 3.87 and a current ratio of 4.03. The firm has a fifty day simple moving average of GBX 508.98 and a two-hundred day simple moving average of GBX 510.40. The firm has a market cap of £882.68 million, a PE ratio of 990.00 and a beta of 0.65.

Scottish American Investment Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 14th were issued a GBX 3.70 ($0.05) dividend. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Scottish American Investment’s previous dividend of $3.55. This represents a dividend yield of 0.73%. Scottish American Investment’s payout ratio is 2,800.00%.

About Scottish American Investment

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.