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

Pegasystems Inc. (NASDAQ:PEGA) announced a quarterly dividend on Monday, June 15th. Investors of record on Wednesday, July 1st will be paid 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 of this dividend is Wednesday, July 1st.

Pegasystems has raised its dividend payment by an average of 0.1%per year over the last three years. Pegasystems has a payout ratio of 3.3% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of Pegasystems stock opened at $32.72 on Tuesday. The firm has a market cap of $5.47 billion, a P/E ratio of 17.59 and a beta of 0.86. The firm has a 50 day simple moving average of $36.71 and a 200 day simple moving average of $45.41. Pegasystems has a fifty-two week low of $31.46 and a fifty-two week high of $68.10.

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

Pegasystems Company Profile

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.