Softcat plc (LON:SCT) Announces Dividend Increase – GBX 39 Per Share

Softcat plc (LON:SCT) announced a dividend on Thursday, October 24th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, November 7th will be given a dividend of GBX 39 ($0.51) per share on Tuesday, December 17th. This represents a dividend yield of 2.55%. The ex-dividend date is Thursday, November 7th. This is a boost from Softcat’s previous dividend of $8.50. The official announcement can be seen at this link.

Softcat Stock Performance

SCT opened at GBX 1,712 ($22.23) on Thursday. The business’s 50-day moving average price is GBX 1,541.81 and its two-hundred day moving average price is GBX 1,610.76. Softcat has a 1 year low of GBX 1,197 ($15.54) and a 1 year high of GBX 1,855 ($24.08). The company has a market capitalization of £3.41 billion, a price-to-earnings ratio of 3,089.29, a P/E/G ratio of 11.51 and a beta of 0.71. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.59 and a quick ratio of 1.38.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Jefferies Financial Group downgraded Softcat to an “underperform” rating and lowered their target price for the company from GBX 1,950 ($25.32) to GBX 1,490 ($19.35) in a research report on Friday, July 5th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 1,250 ($16.23) target price on shares of Softcat in a research report on Thursday, July 25th. Finally, Shore Capital downgraded Softcat to a “hold” rating in a research report on Wednesday, June 26th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Softcat has a consensus rating of “Hold” and an average target price of GBX 1,442.50 ($18.73).

About Softcat

Softcat plc operates as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. The company advices, procures, designs, implements, and manages technology, such as software licensing, workplace technology, networking, security, and cloud and datacenter for businesses and public sector organizations.