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SHNWF - Schroders: 6% Dividend Yield Stock At Cyclical Trough
Schroders PLC
Introduction
Schroders (OTCPK:SHNWF) non-voting shares (U.K. ticker SDRC) fell another 6.6% in the two days after their 2018 results on Mar 7, reaching a new 52-week low, as shown in the chart below. At 1,962p, SDRC shares now trade at a dividend yield of 5.8% and P/E of 9.3x – making them the least expensive in many years.
(Note: Schroders has two classes of shares, ordinary and non-voting. Both classes have the same economic rights, but the non-voting shares are 23% cheaper. In this article all mentions of SDR refer to the company