Zedge, Inc. (NYSEAMERICAN:ZDGE) Shareholders Set to Receive $0.02 Quarterly Dividend

Zedge, Inc. (NYSEAMERICAN:ZDGE) announced a quarterly dividend on Monday, October 26th. Investors of record on Monday, November 9th will be paid a dividend of $0.02 per share on Monday, November 23rd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, November 9th.

Zedge Trading Down 2.6%

Zedge stock opened at $2.24 on Friday. The stock’s fifty day simple moving average is $2.84 and its 200-day simple moving average is $3.01. Zedge has a twelve month low of $2.13 and a twelve month high of $4.70. The firm has a market capitalization of $33.60 million, a P/E ratio of 9.25 and a beta of 1.32.

Zedge (NYSEAMERICAN:ZDGE) last posted its quarterly earnings results on Monday, October 26th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $7.77 million for the quarter, compared to analyst estimates of $7.20 million. Zedge had a negative net margin of 0.41% and a positive return on equity of 13.19%. Sell-side analysts predict that Zedge will post 0.12 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Zedge from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Zedge has a consensus rating of “Sell” and a consensus price target of $6.00.

Zedge Company Profile

Zedge, Inc (NYSE American: ZDGE) operates a mobile-first digital content platform that enables users to discover, customize and share content for smartphones and other personal devices. Its principal consumer product is the Zedge app, which offers wallpapers, video wallpapers, ringtones, notification sounds, stickers and other personalization content.

The company provides both free and premium content, with offerings from independent creators as well as technology-assisted and user-generated content.