Softcat plc (LON:SCT) Announces Dividend of GBX 67.50

Softcat plc (LON:SCT) declared 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 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 Price Performance

Shares of LON:SCT opened at GBX 1,811 ($23.54) on Wednesday. The stock has a market cap of £3.60 billion, a PE ratio of 30.32, a PEG ratio of 11.51 and a beta of 0.71. The company’s fifty day moving average is GBX 1,546.56 and its 200 day moving average is GBX 1,561.53. Softcat has a 52 week low of GBX 1,415 ($18.40) and a 52 week high of GBX 1,855 ($24.12). The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.48.

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

Insider Buying and Selling at Softcat

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

Analysts Set New Price Targets

Separately, Shore Capital reiterated 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.