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

Pegasystems Inc. (NASDAQ:PEGA) announced a quarterly dividend on Monday, March 16th. Investors of record on Wednesday, April 1st will be given a dividend of 0.03 per share by the technology company on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, April 1st.

Pegasystems has raised its dividend by an average of 0.1%annually over the last three years. Pegasystems has a payout ratio of 3.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Pegasystems to earn $2.16 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 5.6%.

Pegasystems Price Performance

Shares of NASDAQ PEGA opened at $42.85 on Tuesday. Pegasystems has a 1 year low of $29.84 and a 1 year high of $68.10. The firm has a 50-day simple moving average of $46.95 and a two-hundred day simple moving average of $54.29. The company has a market cap of $7.24 billion, a P/E ratio of 20.07 and a beta of 1.06.

Pegasystems (NASDAQ:PEGA) last issued its earnings results on Tuesday, February 10th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $504.32 million during the quarter, compared to analyst estimates of $494.60 million. Pegasystems had a net margin of 22.54% and a return on equity of 38.86%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 earnings per share. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. As a group, equities research analysts expect that Pegasystems will post 1.89 EPS for the current year.

About Pegasystems

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.