Softcat plc (SCT) to Issue Dividend of GBX 67.50 on March 28th

Softcat plc (LON:SCT) announced a dividend on Tuesday, March 18th, Upcoming Dividends.Co.Uk reports. Shareholders 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 viewed at this link.

Softcat Stock Down 1.2 %

Shares of LON:SCT opened at GBX 1,708 ($22.22) on Thursday. Softcat has a 52 week low of GBX 1,415 ($18.41) and a 52 week high of GBX 1,855 ($24.13). The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60. The company’s fifty day moving average is GBX 1,553.14 and its 200-day moving average is GBX 1,563.25. The company has a market capitalization of £3.40 billion, a PE ratio of 28.60, a P/E/G ratio of 11.51 and a beta of 0.71.

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%. Equities research analysts predict that Softcat will post 60.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Graham Charlton sold 15,380 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of GBX 1,489 ($19.37), for a total transaction of £229,008.20 ($297,916.22). Also, insider Jacqui Ferguson purchased 3,038 shares of Softcat stock in a transaction that occurred on Tuesday, January 21st. The shares were bought at an average price of GBX 1,470 ($19.12) per share, for a total transaction of £44,658.60 ($58,096.27). Insiders have purchased a total of 3,067 shares of company stock worth $4,511,098 in the last 90 days. Corporate insiders own 43.60% of the company’s stock.

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of Softcat in a research note 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.