Softcat announces a total ordinary dividend of 16.6p including the previously cancelled interim dividend of 5.4p. In aggregate the ordinary dividend is 11.4% up on the combined interim and final dividend of prior year (14.9p).
A special dividend of 7.6p is also proposed and has been calculated to increase the approximate minimum cash holding of the business from £30m to £45m. This change partly reflects the increase in the size and scale of the business since IPO and is considered prudent in light of the uncertainty created by COVID-19.
