Cohort (LON:CHRT) Sets New 12-Month High Following Dividend Announcement

Cohort plc (LON:CHRT)’s stock price reached a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The stock traded as high as GBX 1,110 ($14.18) and last traded at GBX 1,070.12 ($13.67), with a volume of 971367 shares changing hands. The stock had previously closed at GBX 1,020 ($13.03).

The newly announced dividend which will be paid on Tuesday, February 18th. Investors of record on Thursday, January 9th will be paid a GBX 5.25 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a dividend yield of 0.51%. Cohort’s payout ratio is currently 3,947.37%.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “buy” rating on shares of Cohort in a research note on Tuesday, September 24th.

Cohort Stock Performance

The firm’s 50-day moving average price is GBX 939.12 and its 200-day moving average price is GBX 864.45. The company has a debt-to-equity ratio of 36.88, a current ratio of 1.55 and a quick ratio of 0.93. The stock has a market cap of £432.75 million, a P/E ratio of 2,815.72 and a beta of 0.56.

Insider Transactions at Cohort

In other news, insider Simon Walther acquired 598 shares of the business’s stock in a transaction on Friday, October 4th. The shares were acquired at an average price of GBX 906 ($11.58) per share, for a total transaction of £5,417.88 ($6,922.04). Insiders own 39.22% of the company’s stock.

Cohort Company Profile

Cohort plc, through its subsidiaries, provides various products and services in defense, security, and related markets in the United Kingdom, Germany, Portugal, Africa, North and South America, and the Asia Pacific and Africa. The company offers electro-optical and electro-mechanical systems, such as command, control, communications, computers, intelligence, surveillance, target acquisition, and reconnaissance, as well as combat systems; and communications systems.