Scottish Mortgage Investment Trust PLC (SMT) Increases Dividend to GBX 1.74 Per Share

Scottish Mortgage Investment Trust PLC (LON:SMT) announced a dividend on Thursday, May 16th, Upcoming.Co.Uk reports. Investors of record on Thursday, June 6th will be given a dividend of GBX 1.74 ($0.02) per share on Tuesday, July 2nd. This represents a yield of 0.33%. The ex-dividend date of this dividend is Thursday, June 6th. This is an increase from Scottish Mortgage Investment Trust’s previous dividend of $1.39. The official announcement can be viewed at this link.

Scottish Mortgage Investment Trust has a 52-week low of GBX 5.01 ($0.07) and a 52-week high of GBX 569 ($7.43).

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 521 ($6.81) price target on shares of Scottish Mortgage Investment Trust in a research report on Thursday.

In other news, insider Paola Subacchi purchased 94 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were bought at an average price of GBX 529 ($6.91) per share, for a total transaction of £497.26 ($649.76).

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About Scottish Mortgage Investment Trust

Scottish Mortgage Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. The fund is co-managed by Baillie Gifford & Co It invests in public equity markets of countries across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

Dividend History for Scottish Mortgage Investment Trust (LON:SMT)

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