American Software, Inc. (NASDAQ:AMSWA) announced a quarterly dividend on Wednesday, May 29th, Zacks reports. Investors of record on Friday, August 16th will be paid a dividend of 0.11 per share by the software maker on Friday, August 30th. This represents a $0.44 annualized dividend and a yield of 3.21%. The ex-dividend date is Thursday, August 15th.

American Software has raised its dividend by an average of 3.2% per year over the last three years. American Software has a payout ratio of 176.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect American Software to earn $0.32 per share next year, which means the company may not be able to cover its $0.44 annual dividend with an expected future payout ratio of 137.5%.

AMSWA stock traded up $0.08 during midday trading on Tuesday, hitting $13.70. The stock had a trading volume of 300 shares, compared to its average volume of 58,163. The stock has a market cap of $422.98 million, a price-to-earnings ratio of 48.82 and a beta of 0.61. The stock’s 50-day moving average price is $13.33. American Software has a 52-week low of $8.99 and a 52-week high of $18.94.

American Software (NASDAQ:AMSWA) last issued its quarterly earnings results on Wednesday, June 19th. The software maker reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The company had revenue of $26.27 million for the quarter, compared to analysts’ expectations of $28.18 million. American Software had a return on equity of 7.73% and a net margin of 6.26%. On average, sell-side analysts predict that American Software will post 0.23 earnings per share for the current fiscal year.

In other news, Director J Michael Edenfield sold 8,437 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $13.16, for a total transaction of $111,030.92. Following the transaction, the director now directly owns 424,160 shares of the company’s stock, valued at $5,581,945.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bryan L. Sell sold 4,000 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $13.05, for a total value of $52,200.00. Following the transaction, the insider now directly owns 4,000 shares in the company, valued at $52,200. The disclosure for this sale can be found here. Insiders sold 26,310 shares of company stock worth $353,135 over the last three months. Corporate insiders own 11.19% of the company’s stock.

Several equities research analysts recently weighed in on AMSWA shares. BidaskClub cut American Software from a “buy” rating to a “hold” rating in a research note on Friday, June 28th. William Blair reaffirmed an “outperform” rating on shares of American Software in a research note on Thursday, June 20th. Finally, Zacks Investment Research downgraded American Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $13.01.

About American Software

American Software, Inc develops, markets, and supports a portfolio of software and services worldwide. It operates in three segments: Supply Chain Management (SCM), Information Technology (IT) Consulting, and Other. The SCM segment provides supply chain management and retail planning solutions, including sales and operations planning, demand and inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning, and transportation optimization solutions to streamline and optimize the forecasting, inventory, production scheduling, production, supply, allocation, distribution, and management of products between trading partners.

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Dividend History for American Software (NASDAQ:AMSWA)

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