Salesforce Inc. (CRM) to Issue Quarterly Dividend of $0.44 on April 23rd

Salesforce Inc. (NYSE:CRM) announced a quarterly dividend on Monday, February 23rd. Investors of record on Thursday, April 9th will be paid a dividend of 0.44 per share by the CRM provider on Thursday, April 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, April 9th. This is a 5.8% increase from Salesforce’s previous quarterly dividend of $0.42.

Salesforce has a payout ratio of 13.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Salesforce to earn $8.41 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 20.9%.

Salesforce Stock Down 1.1%

Shares of NYSE:CRM opened at $185.12 on Tuesday. The business has a 50-day moving average price of $193.66 and a 200 day moving average price of $228.25. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $170.86 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 1.36 and a beta of 1.29. Salesforce has a 12-month low of $174.57 and a 12-month high of $296.05.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, February 25th. The CRM provider reported $3.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.76. The firm had revenue of $11.20 billion during the quarter, compared to the consensus estimate of $11.18 billion. Salesforce had a return on equity of 15.38% and a net margin of 17.96%.The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the company earned $2.78 EPS. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. Sell-side analysts expect that Salesforce will post 7.46 EPS for the current year.

Salesforce announced that its Board of Directors has initiated a share repurchase program on Monday, March 16th that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the CRM provider to purchase up to 14.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

About Salesforce

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.