Cohort (LON:CHRT) Reaches New 1-Year High Following Dividend Announcement

Cohort plc (LON:CHRT) shares reached a new 52-week high on Wednesday following a dividend announcement from the company. The stock traded as high as GBX 1,110 ($14.16) and last traded at GBX 1,070.12 ($13.65), with a volume of 971367 shares changing hands. The stock had previously closed at GBX 1,020 ($13.01).

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

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “buy” rating on shares of Cohort in a report on Tuesday, September 24th.

Cohort Stock Performance

The company has a current ratio of 1.55, a quick ratio of 0.93 and a debt-to-equity ratio of 36.88. The business’s 50 day moving average is GBX 943.92 and its 200 day moving average is GBX 867.77. The stock has a market capitalization of £436.75 million, a PE ratio of 2,842.11 and a beta of 0.56.

Insider Buying and Selling at Cohort

In related news, insider Simon Walther acquired 598 shares of the stock in a transaction on Friday, October 4th. The stock was bought at an average cost of GBX 906 ($11.56) per share, with a total value of £5,417.88 ($6,911.44). 39.22% of the stock is owned by corporate insiders.

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.