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

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 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 viewed at this link.

Softcat Trading Up 11.6 %

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

Softcat (LON:SCT) last announced its quarterly 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%. On average, analysts predict that Softcat will post 60.72 EPS for the current fiscal year.

Insider Transactions at Softcat

In other Softcat 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 ($19.36), for a total value of £229,008.20 ($297,722.57). Also, insider Jacqui Ferguson acquired 3,038 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was purchased at an average price of GBX 1,470 ($19.11) per share, with a total value of £44,658.60 ($58,058.50). Over the last ninety days, insiders purchased 3,067 shares of company stock worth $4,511,098. Company insiders own 43.60% of the company’s stock.

Analyst Ratings Changes

Separately, Shore Capital reissued a “buy” rating on shares of Softcat in a 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.