Pegasystems Inc. Plans Quarterly Dividend of $0.03 (NASDAQ:PEGA)

Pegasystems Inc. (NASDAQ:PEGA) declared a quarterly dividend on Monday, June 15th. Stockholders of record on Wednesday, July 1st will be given a dividend of 0.03 per share by the technology company on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, July 1st.

Pegasystems has raised its dividend by an average of 0.1%per year over the last three years. Pegasystems has a dividend payout ratio of 3.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Pegasystems to earn $2.30 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 5.2%.

Pegasystems Trading Down 0.1%

NASDAQ PEGA opened at $32.72 on Tuesday. Pegasystems has a 1-year low of $31.46 and a 1-year high of $68.10. The company has a market capitalization of $5.47 billion, a PE ratio of 17.59 and a beta of 0.86. The firm’s fifty day simple moving average is $36.71 and its 200-day simple moving average is $45.41.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Tuesday, April 21st. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.22). The business had revenue of $429.97 million during the quarter, compared to the consensus estimate of $473.24 million. Pegasystems had a return on equity of 30.05% and a net margin of 20.04%.The company’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 earnings per share. As a group, analysts predict that Pegasystems will post 1.93 EPS for the current year.

About Pegasystems

Pegasystems Inc is a software company specializing in customer engagement and digital process automation solutions. Headquartered in Cambridge, Massachusetts, Pegasystems develops enterprise applications designed to help organizations streamline operations, manage customer interactions and automate complex workflows. Its platform supports a wide range of use cases, from sales and marketing optimization to case management and robotic process automation.

The core of Pegasystems’ offering is the Pega Platform, a low-code development environment that enables businesses to build and deploy applications with minimal hand-coding.