Salesforce Inc. (CRM) To Go Ex-Dividend on June 11th

Salesforce Inc. (NYSE:CRM) declared a quarterly dividend on Thursday, May 28th. Investors of record on Thursday, June 11th will be given a dividend of 0.44 per share by the CRM provider on Thursday, July 2nd. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, June 11th.

Salesforce has a payout ratio of 13.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Salesforce to earn $11.07 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 15.9%.

Salesforce Trading Down 1.6%

CRM opened at $182.72 on Tuesday. Salesforce has a 12 month low of $163.52 and a 12 month high of $276.80. The stock has a market capitalization of $149.64 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 1.15 and a beta of 1.16. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. The business has a fifty day moving average price of $181.25 and a 200 day moving average price of $208.35.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping the consensus estimate of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The firm had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.05 billion. During the same period in the previous year, the firm posted $2.58 EPS. Salesforce’s revenue for the quarter was up 13.3% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Sell-side analysts expect that Salesforce will post 10.3 earnings per share for the current fiscal year.

Insider Activity

In other news, Director David Blair Kirk bought 2,570 shares of Salesforce stock in a transaction dated Wednesday, March 18th. The stock was acquired at an average cost of $194.62 per share, with a total value of $500,173.40. Following the acquisition, the director owned 13,689 shares of the company’s stock, valued at approximately $2,664,153.18. This trade represents a 23.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Laura Alber bought 2,571 shares of Salesforce stock in a transaction dated Thursday, March 19th. The stock was purchased at an average cost of $194.58 per share, with a total value of $500,265.18. Following the completion of the acquisition, the director directly owned 9,530 shares in the company, valued at approximately $1,854,347.40. The trade was a 36.94% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.50% of the stock is currently owned by insiders.

Institutional Trading of Salesforce

Several institutional investors and hedge funds have recently made changes to their positions in CRM. Rockland Trust Co. increased its position in Salesforce by 1,145.6% during the third quarter. Rockland Trust Co. now owns 13,066 shares of the CRM provider’s stock worth $3,097,000 after buying an additional 12,017 shares in the last quarter. Alps Advisors Inc. increased its position in Salesforce by 98.3% during the third quarter. Alps Advisors Inc. now owns 21,455 shares of the CRM provider’s stock worth $5,085,000 after buying an additional 10,633 shares in the last quarter. Midwest Trust Co increased its position in Salesforce by 2.3% during the third quarter. Midwest Trust Co now owns 187,071 shares of the CRM provider’s stock worth $44,336,000 after buying an additional 4,233 shares in the last quarter. Profund Advisors LLC increased its position in Salesforce by 7.2% during the third quarter. Profund Advisors LLC now owns 40,041 shares of the CRM provider’s stock worth $9,490,000 after buying an additional 2,704 shares in the last quarter. Finally, Krilogy Financial LLC purchased a new position in Salesforce during the third quarter worth $2,944,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

About Salesforce

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.