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

Pegasystems Inc. (NASDAQ:PEGA) declared a quarterly dividend on Monday, September 14th. Shareholders of record on Thursday, October 1st will be given a dividend of 0.03 per share by the technology company on Thursday, October 15th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, October 1st.

Pegasystems has increased its dividend by an average of 0.1%annually over the last three years. Pegasystems has a dividend payout ratio of 3.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Pegasystems to earn $1.91 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 6.3%.

Pegasystems Stock Up 6.8%

Pegasystems stock opened at $38.71 on Tuesday. The company’s 50-day moving average price is $32.88 and its two-hundred day moving average price is $36.01. The stock has a market cap of $6.36 billion, a P/E ratio of 21.87 and a beta of 0.89. Pegasystems has a twelve month low of $25.10 and a twelve month high of $68.10.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings data on Tuesday, July 21st. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The firm had revenue of $420.72 million for the quarter, compared to the consensus estimate of $427.38 million. Pegasystems had a return on equity of 32.21% and a net margin of 18.66%.The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS. Equities analysts anticipate that Pegasystems will post 1.66 earnings per share for the current fiscal year.

Pegasystems Company Profile

Pegasystems Inc develops enterprise software for customer engagement, workflow automation and business process management. Its solutions help organizations manage customer service, sales, marketing, operations and back-office processes across digital and traditional channels.

The company’s product portfolio includes Pega Platform, a low-code application development and automation platform; Pega Customer Service and Pega Sales; Pega Customer Decision Hub for real-time, personalized customer engagement; and tools for case management, robotic process automation and artificial intelligence.