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Be Sure To Check Out Softcat plc (LON:SCT) Before It Goes Ex-Dividend
AInvestSunday, Nov 3, 2024 2:42 am ET
1min read
As an investor, it's crucial to stay informed about upcoming dividend dates, especially when it comes to reliable, income-generating stocks like Softcat plc (LON:SCT). Softcat is set to go ex-dividend in just 4 days, offering an attractive opportunity for income-focused investors. In this article, we'll explore the reasons why you should consider adding SCT to your portfolio before the ex-dividend date.

Softcat Plc is a leading UK-based IT services company, specializing in software, hardware, and licensing solutions. With a strong track record of dividend growth and a robust financial profile, SCT is an appealing choice for investors seeking stable, inflation-protected income.


Softcat Plc Logo


One of the key reasons to invest in Softcat Plc is its consistent dividend growth. The company has a CADI (Consecutive Annual Dividend Increases) of 9, indicating a strong commitment to increasing shareholder returns. Additionally, SCT's dividend payout ratio is 2.3, which is higher than the sector average, demonstrating a more generous distribution of earnings to shareholders.





















































Year Dividend per share (p) Change (%)
2016 5.3
2017 9.0 69.8
2018 12.1 34.4
2019 14.9 23.1
2020 16.6 11.4
2021 20.8 25.3
2022 23.9 14.9
2023 25.0 4.6
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Another compelling reason to invest in SCT is its strong financial performance and cash flow generation. The company has consistently grown its revenue and profits, driven by its expanding customer base and increasing demand for its IT services. This financial strength supports SCT's ability to maintain and increase its dividend payments.


DividendMax Logo


In conclusion, Softcat Plc (LON:SCT) offers an attractive opportunity for income-focused investors, with its consistent dividend growth, strong financial performance, and upcoming ex-dividend date. By investing in SCT before it goes ex-dividend, you can secure a stable, inflation-protected income stream. Don't miss out on this opportunity – consider adding Softcat Plc to your portfolio today.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.