Softcat PLC (LON:SCT) announced a dividend on Wednesday, October 18th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, November 2nd will be given a dividend of GBX 19.60 ($0.26) per share on Friday, December 15th. This represents a dividend yield of 3.92%. The ex-dividend date of this dividend is Thursday, November 2nd. This is a positive change from Softcat PLC’s previous dividend of $2.90. The official announcement can be accessed at this link.
Softcat PLC (SCT) traded up 2.99% during midday trading on Friday, hitting GBX 517.00. 1,350,436 shares of the company’s stock traded hands. The company has a 50 day moving average of GBX 432.13 and a 200-day moving average of GBX 414.31. The company’s market capitalization is GBX 1.02 billion. Softcat PLC has a 52 week low of GBX 283.00 and a 52 week high of GBX 522.50.
Several equities analysts have weighed in on the company. Jefferies Group LLC raised Softcat PLC to a “buy” rating and lifted their target price for the company from GBX 345 ($4.55) to GBX 565 ($7.46) in a research note on Monday, October 23rd. Berenberg Bank cut Softcat PLC to a “hold” rating and set a GBX 425 ($5.61) target price on the stock. in a research note on Tuesday, August 29th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Softcat PLC has an average rating of “Buy” and a consensus target price of GBX 426 ($5.62).
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Softcat PLC Company Profile
Softcat Plc is an information technology (IT) reseller and IT infrastructure solutions provider to the corporate and public sector markets. The Company provides organizations with workplace, datacenter and networking, and security solutions combined with all the services required to design, implement, support and manage them, on premise or in the cloud.
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