The share price of Softcat (SCT) sustained its all-time highs after announcing it is to resume its normal dividend policy later in the year, this will include payment of the previously cancelled interim update.
In a trading update to the market today, Softcat noted that trading was good during the last quarter of its full year ending 31 July 2020.
Operating profit is also a bit ahead of expectations set by the board.
“Our performance during the year is a great credit to the team at Softcat and on behalf of the Board I would like to thank them for their exceptional agility. Cash generation has been strong and as a consequence we intend to resume our normal dividend policy in addition to the reinstatement of the cancelled interim dividend.”Softcat, CEO
The FTSE 250 IT infrastructure provider is due to announce its full year results on 20 October – this will contain details of the final dividend payout.