Ringcentral, Inc. (NYSE:RNG) to Issue $0.08 Quarterly Dividend

Ringcentral, Inc. (NYSE:RNG) announced a quarterly dividend on Thursday, February 19th. Shareholders of record on Monday, March 9th will be paid a dividend of 0.075 per share by the software maker on Monday, March 16th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, March 9th.

Ringcentral Trading Up 34.4%

Shares of Ringcentral stock traded up $10.12 during trading hours on Friday, reaching $39.51. 7,316,270 shares of the company’s stock were exchanged, compared to its average volume of 2,472,934. The stock has a market cap of $3.42 billion, a P/E ratio of 282.53, a P/E/G ratio of 1.22 and a beta of 1.23. The company has a 50 day moving average of $28.21 and a two-hundred day moving average of $28.76. Ringcentral has a fifty-two week low of $20.58 and a fifty-two week high of $40.64.

Ringcentral (NYSE:RNG) last issued its quarterly earnings results on Thursday, February 19th. The software maker reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. The firm had revenue of $644.03 million during the quarter, compared to analysts’ expectations of $643.52 million. Ringcentral had a negative return on equity of 22.38% and a net margin of 0.53%.The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 earnings per share. Ringcentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. As a group, analysts expect that Ringcentral will post 1.29 earnings per share for the current fiscal year.

Insider Activity at Ringcentral

In other Ringcentral news, CEO Vladimir Shmunis sold 27,018 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $27.68, for a total transaction of $747,858.24. Following the transaction, the chief executive officer owned 262,240 shares in the company, valued at $7,258,803.20. This trade represents a 9.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Kira Makagon sold 6,495 shares of the firm’s stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $29.22, for a total transaction of $189,783.90. Following the transaction, the chief operating officer directly owned 336,162 shares in the company, valued at approximately $9,822,653.64. This represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 53,141 shares of company stock worth $1,491,632 in the last ninety days. 7.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ringcentral

Several institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC increased its position in shares of Ringcentral by 9.0% in the first quarter. Empowered Funds LLC now owns 11,417 shares of the software maker’s stock worth $283,000 after purchasing an additional 940 shares during the period. Woodline Partners LP grew its stake in Ringcentral by 14.8% during the first quarter. Woodline Partners LP now owns 159,474 shares of the software maker’s stock worth $3,949,000 after buying an additional 20,518 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Ringcentral by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,190 shares of the software maker’s stock valued at $6,467,000 after buying an additional 5,398 shares during the period. CWM LLC increased its holdings in Ringcentral by 290.8% in the 2nd quarter. CWM LLC now owns 9,019 shares of the software maker’s stock valued at $256,000 after buying an additional 6,711 shares during the period. Finally, AlphaQuest LLC raised its position in shares of Ringcentral by 23.7% in the 2nd quarter. AlphaQuest LLC now owns 43,752 shares of the software maker’s stock valued at $1,240,000 after buying an additional 8,371 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors.

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.