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

Cordiant Digital Infrastructure (LON:CORD)’s stock price hit a new 52-week high 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 trading hands. The stock had previously closed at GBX 85 ($1.08).

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

Cordiant Digital Infrastructure Price Performance

The stock has a market cap of £689.15 million, a price-to-earnings ratio of 900.00 and a beta of 0.67. The company has a 50 day simple moving average of GBX 86.54 and a 200-day simple moving average of GBX 79.17. The company has a current ratio of 0.48, a quick ratio of 141.92 and a debt-to-equity ratio of 17.12.

About Cordiant Digital Infrastructure

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.