Softcat plc (LON:SCT) Announces Dividend Increase – GBX 67.50 Per Share

Softcat plc (LON:SCT) announced a dividend on Tuesday, March 18th, Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, March 20th will be paid a dividend of GBX 67.50 ($0.88) per share on Friday, March 28th. This represents a yield of 0.55%. The ex-dividend date of this dividend is Thursday, March 20th. This is a 73.1% increase from Softcat’s previous dividend of $39.00. The official announcement can be seen at this link.

Softcat Stock Up 11.6 %

Shares of LON SCT opened at GBX 1,811 ($23.54) on Wednesday. Softcat has a 12-month low of GBX 1,415 ($18.40) and a 12-month high of GBX 1,855 ($24.12). The stock has a market cap of £3.60 billion, a PE ratio of 30.32, a P/E/G ratio of 11.51 and a beta of 0.71. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. The company has a 50-day moving average of GBX 1,546.56 and a 200 day moving average of GBX 1,561.53.

Softcat (LON:SCT) last posted its quarterly earnings results on Wednesday, March 19th. The company reported GBX 28.70 ($0.37) earnings per share for the quarter. Softcat had a net margin of 12.37% and a return on equity of 43.79%. As a group, sell-side analysts predict that Softcat will post 60.72 EPS for the current fiscal year.

Insider Activity

In related news, insider Jacqui Ferguson purchased 3,038 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were purchased at an average cost of GBX 1,470 ($19.11) per share, for a total transaction of £44,658.60 ($58,058.50). Also, insider Graham Charlton sold 15,380 shares of Softcat stock in a transaction on Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($19.36), for a total transaction of £229,008.20 ($297,722.57). In the last three months, insiders have bought 3,067 shares of company stock worth $4,511,098. 43.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of Softcat in a research report on Wednesday.

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.