Cordiant Digital Infrastructure (LON:CORD) Reaches New 1-Year High – Here’s What Happened

Cordiant Digital Infrastructure (LON:CORD)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 92.20 ($1.17) and last traded at GBX 92.20 ($1.17), with a volume of 486682 shares traded. The stock had previously closed at GBX 91 ($1.15).

Cordiant Digital Infrastructure Stock Performance

The firm has a market cap of £698.34 million, a P/E ratio of 910.00 and a beta of 0.67. The company has a debt-to-equity ratio of 17.12, a quick ratio of 141.92 and a current ratio of 0.48. The company’s 50 day moving average is GBX 86.86 and its 200 day moving average is GBX 79.72.

Cordiant Digital Infrastructure Cuts Dividend

The business also recently declared a 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. This represents a yield of 2.47%. The ex-dividend date is Thursday, December 5th. Cordiant Digital Infrastructure’s dividend payout ratio (DPR) is currently 4,000.00%.

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.