Cordiant Digital Infrastructure (LON:CORD) Hits New 1-Year High Following Dividend Announcement

Cordiant Digital Infrastructure (LON:CORD) shares hit a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The stock traded as high as GBX 90 ($1.14) and last traded at GBX 89.88 ($1.14), with a volume of 953099 shares changing hands. The stock had previously closed at GBX 85 ($1.08).

The newly announced dividend which will be paid on Friday, December 20th. Shareholders of record on Thursday, December 5th will be paid a GBX 2.10 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a yield of 2.47%. Cordiant Digital Infrastructure’s dividend payout ratio is 4,000.00%.

Cordiant Digital Infrastructure Price Performance

The company has a market capitalization of £690.68 million, a P/E ratio of 902.00 and a beta of 0.67. The company has a debt-to-equity ratio of 17.12, a current ratio of 0.48 and a quick ratio of 141.92. The company’s 50-day moving average price is GBX 86.36 and its two-hundred day moving average price is GBX 78.99.

Cordiant Digital Infrastructure Company Profile

Cordiant Digital Infrastructure Limited is an infrastructure investment fund specializes in investments in buy & build, capital expenditure and bolt-on acquisitions and digital infrastructure assets in the middle-market. It focuses on investing in companies operating in data and cloud centers, mobile telecommunications/ broadcast towers, distributed sensor networks and fibre-optic network assets businesses.