Softcat PLC (LON:SCT) declared a dividend on Wednesday, October 19th. Shareholders of record on Thursday, November 17th will be paid a dividend of GBX 17.80 ($0.22) per share on Friday, December 16th. This represents a yield of 5.36%. The ex-dividend date of this dividend is Thursday, November 17th. This is a positive change from Softcat PLC’s previous dividend of $1.70. The official announcement can be accessed at this link.

Softcat PLC (LON:SCT) opened at 326.10 on Wednesday. The firm’s 50-day moving average is GBX 318.88 and its 200-day moving average is GBX 328.39. The firm’s market cap is GBX 639.63 million. Softcat PLC has a 12 month low of GBX 260.00 and a 12 month high of GBX 383.80.

Several equities analysts have recently commented on the stock. Credit Suisse Group AG restated an “outperform” rating and set a GBX 340 ($4.25) price target on shares of Softcat PLC in a research report on Wednesday, October 19th. Berenberg Bank restated a “buy” rating and set a GBX 425 ($5.31) price target on shares of Softcat PLC in a research report on Monday, July 25th. Jefferies Group reiterated a “hold” rating and issued a GBX 345 ($4.31) target price on shares of Softcat PLC in a research report on Tuesday, November 1st. Peel Hunt reiterated a “buy” rating and issued a GBX 380 ($4.75) target price on shares of Softcat PLC in a research report on Thursday, November 10th. Finally, Citigroup Inc. started coverage on shares of Softcat PLC in a research report on Tuesday, September 13th. They issued a “buy” rating and a GBX 410 ($5.12) target price for the company. 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 currently has a consensus rating of “Buy” and an average price target of GBX 380 ($4.75).

About Softcat PLC

Softcat plc, formerly Softcat Limited, is an information technology (IT) infrastructure and services provider. The Company provides corporate and public sector organization’s with IT infrastructure solutions, including the products and services they require to design, implement, support and manage these solutions, on premise, in the cloud or a combination of both.

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