Schroders plc announces a 53.8% dividend hike to £10 per share, boosting its yield to 3.88%.

Schroders plc, an investment manager, announced a 53.8% increase in its dividend to £10 per share, with a 3.88% yield, to be paid on May 8 to shareholders of record on March 27. The company's market cap is £5.93 billion, and it has a P/E ratio of 16.68. Schroders recently reported earnings per share of £0.34. Analysts have raised their price targets, with Deutsche Bank setting a "hold" rating and Royal Bank of Canada giving an "outperform" rating.