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

Softcat plc (LON:SCT) declared 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 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 Price Performance

SCT stock opened at GBX 1,680 ($21.81) on Friday. 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 debt-to-equity ratio of 3.57, a current ratio of 1.59 and a quick ratio of 1.38. The firm has a market capitalization of £3.35 billion, a PE ratio of 3,010.71, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The business has a 50 day simple moving average of GBX 1,544.51 and a 200-day simple moving average of GBX 1,611.35.

Analyst Ratings Changes

SCT has been the subject of a number of recent research reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 1,250 ($16.23) target price on shares of Softcat in a research note on Thursday, July 25th. Shore Capital reaffirmed a “buy” rating on shares of Softcat in a research note on Thursday. Finally, Jefferies Financial Group downgraded shares of Softcat to an “underperform” rating and cut their price target for the stock from GBX 1,950 ($25.32) to GBX 1,490 ($19.35) in a report on Friday, July 5th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Softcat currently has an average 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.