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

Paycom Software, Inc. (NYSE:PAYC) declared a quarterly dividend on Tuesday, February 10th. Stockholders of record on Monday, March 9th will be given a dividend of 0.375 per share by the software maker on Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, March 9th.

Paycom Software has a payout ratio of 15.1% indicating that its dividend is sufficiently covered by earnings. Research 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 Performance

Shares of Paycom Software stock traded down $7.41 during midday trading on Wednesday, hitting $117.53. The company had a trading volume of 1,709,760 shares, compared to its average volume of 1,171,766. Paycom Software has a 52-week low of $117.95 and a 52-week high of $267.76. The stock has a market capitalization of $6.61 billion, a P/E ratio of 14.62, a P/E/G ratio of 1.36 and a beta of 0.79. The company has a 50 day moving average of $152.86 and a 200 day moving average of $185.79.

Paycom Software Company Profile

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.