RingCentral, Inc. Plans Quarterly Dividend of $0.08 (NYSE:RNG)

RingCentral, Inc. (NYSE:RNG) declared a quarterly dividend on Thursday, May 7th. Stockholders of record on Tuesday, June 2nd will be given a dividend of 0.075 per share by the software maker on Thursday, June 11th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 2nd.

RingCentral Stock Performance

RNG opened at $38.81 on Friday. RingCentral has a 52-week low of $23.59 and a 52-week high of $48.57. The stock has a market capitalization of $3.36 billion, a PE ratio of 81.25, a price-to-earnings-growth ratio of 1.75 and a beta of 1.13. The stock’s 50 day moving average price is $38.76 and its 200-day moving average price is $32.17.

RingCentral (NYSE:RNG) last posted its earnings results on Thursday, February 19th. The software maker reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.04. RingCentral had a negative return on equity of 28.14% and a net margin of 1.73%.The firm had revenue of $644.03 million for the quarter, compared to analysts’ expectations of $643.52 million. During the same period in the previous year, the firm earned $0.98 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. RingCentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. Research analysts forecast that RingCentral will post 2.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Kira Makagon sold 46,960 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $35.49, for a total transaction of $1,666,610.40. Following the transaction, the chief operating officer directly owned 369,524 shares of the company’s stock, valued at $13,114,406.76. This represents a 11.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Vladimir Shmunis sold 95,831 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $35.59, for a total value of $3,410,625.29. Following the transaction, the chief executive officer directly owned 126,685 shares in the company, valued at approximately $4,508,719.15. The trade was a 43.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 259,854 shares of company stock valued at $9,312,708. Company insiders own 7.30% of the company’s stock.

Institutional Trading of RingCentral

A number of hedge funds have recently bought and sold shares of RNG. Capital World Investors increased its position in RingCentral by 20.9% during the third quarter. Capital World Investors now owns 11,735,991 shares of the software maker’s stock valued at $332,598,000 after acquiring an additional 2,031,861 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in RingCentral during the third quarter valued at $53,365,000. LSV Asset Management increased its position in RingCentral by 142.4% during the fourth quarter. LSV Asset Management now owns 2,871,700 shares of the software maker’s stock valued at $82,935,000 after acquiring an additional 1,686,900 shares during the last quarter. AQR Capital Management LLC increased its position in RingCentral by 35.4% during the fourth quarter. AQR Capital Management LLC now owns 2,003,950 shares of the software maker’s stock valued at $57,874,000 after acquiring an additional 523,966 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in RingCentral by 138.6% during the third quarter. Russell Investments Group Ltd. now owns 811,747 shares of the software maker’s stock valued at $23,113,000 after acquiring an additional 471,559 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

About RingCentral

RingCentral, Inc is a leading provider of cloud-based business communications and collaboration solutions. The company’s flagship platform delivers unified communications as a service (UCaaS), integrating voice over IP (VoIP) phone systems, video conferencing, team messaging and SMS into a single, cloud-native application. In addition to its UCaaS offering, RingCentral provides contact center as a service (CCaaS) capabilities, enabling organizations to manage customer interactions across voice, email, chat and social channels from a centralized dashboard.

Founded in 1999 and headquartered in Belmont, California, RingCentral went public on the New York Stock Exchange under the ticker RNG in 2013.