Paycom Software, Inc. (NYSE:PAYC) Announces $0.38 Quarterly Dividend

Paycom Software, Inc. (NYSE:PAYC) announced a quarterly dividend on Monday, November 3rd. Stockholders of record on Monday, November 24th will be given a dividend of 0.375 per share by the software maker on Monday, December 8th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, November 24th.

Paycom Software has a dividend payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Paycom Software to earn $7.97 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 18.8%.

Paycom Software Stock Down 0.2%

Shares of PAYC traded down $0.46 during trading hours on Tuesday, hitting $184.40. 71,958 shares of the company were exchanged, compared to its average volume of 632,022. The company has a market cap of $10.67 billion, a price-to-earnings ratio of 24.93, a P/E/G ratio of 2.07 and a beta of 0.88. Paycom Software has a fifty-two week low of $182.88 and a fifty-two week high of $267.76. The firm’s fifty day moving average is $210.15 and its 200 day moving average is $227.47.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.28. The business had revenue of $483.60 million for the quarter, compared to analyst estimates of $472.00 million. Paycom Software had a return on equity of 25.40% and a net margin of 21.22%.Paycom Software’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the firm posted $1.62 earnings per share. Analysts anticipate that Paycom Software will post 7.15 EPS for the current year.

Paycom Software Company Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.