Alfa Financial Software (LON:ALFA) Trading 10.3% Higher Following Dividend Announcement

Alfa Financial Software Holdings PLC (LON:ALFA)’s stock price rose 10.3% on Thursday following a dividend announcement from the company. The stock traded as high as GBX 214 ($2.81) and last traded at GBX 214 ($2.81). Approximately 1,644,169 shares changed hands during mid-day trading, an increase of 533% from the average daily volume of 259,541 shares. The stock had previously closed at GBX 194 ($2.55).

The newly announced dividend which will be paid on Friday, November 8th. Shareholders of record on Thursday, September 26th will be issued a dividend of GBX 4.20 ($0.06) per share. The ex-dividend date of this dividend is Thursday, September 26th. This is a positive change from Alfa Financial Software’s previous dividend of $1.30. This represents a yield of 2.16%. Alfa Financial Software’s payout ratio is currently 1,250.00%.

Alfa Financial Software Stock Up 10.3 %

The company has a quick ratio of 1.37, a current ratio of 1.48 and a debt-to-equity ratio of 19.52. The company has a market capitalization of £631.77 million, a P/E ratio of 2,675.00, a P/E/G ratio of 4.19 and a beta of 0.12. The firm has a fifty day simple moving average of GBX 188.65 and a 200-day simple moving average of GBX 178.89.

Alfa Financial Software Company Profile

Alfa Financial Software Holdings PLC, through its subsidiaries, provides software and consultancy services to the auto and equipment finance industry in the United Kingdom, the United States, rest of Europe, the Middle East, Africa, and internationally. It operates through Subscription, Software, and Services segments.