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

Cordiant Digital Infrastructure (LON:CORD) shares hit a new 52-week high on Wednesday following a dividend announcement from the company. The stock traded as high as GBX 90 ($1.13) and last traded at GBX 89.88 ($1.13), with a volume of 953099 shares. The stock had previously closed at GBX 85 ($1.07).

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

Cordiant Digital Infrastructure Price Performance

The stock’s 50 day simple moving average is GBX 86.26 and its 200-day simple moving average is GBX 78.95. 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 has a market capitalization of £688.23 million, a PE ratio of 850.00 and a beta of 0.67.

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.