Salesforce Inc. (NYSE:CRM) Announces $0.42 Quarterly Dividend

Salesforce Inc. (NYSE:CRM) declared a quarterly dividend on Thursday, December 4th. Stockholders of record on Thursday, December 18th will be paid a dividend of 0.416 per share by the CRM provider on Thursday, January 8th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, December 18th.

Salesforce has a dividend payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Salesforce to earn $8.41 per share next year, which means the company should continue to be able to cover its $1.66 annual dividend with an expected future payout ratio of 19.7%.

Salesforce Trading Up 5.5%

CRM stock traded up $13.54 during midday trading on Friday, hitting $261.00. The stock had a trading volume of 10,678,971 shares, compared to its average volume of 7,799,262. Salesforce has a 1-year low of $221.96 and a 1-year high of $367.15. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average price of $242.92 and a two-hundred day moving average price of $253.07. The firm has a market cap of $248.47 billion, a P/E ratio of 34.86, a price-to-earnings-growth ratio of 1.87 and a beta of 1.25.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 EPS for the quarter, topping the consensus estimate of $2.86 by $0.39. Salesforce had a return on equity of 14.35% and a net margin of 17.91%.The firm had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $10.27 billion. During the same period in the prior year, the business posted $2.41 earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, sell-side analysts predict that Salesforce will post 7.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CRM shares. Guggenheim reaffirmed a “neutral” rating on shares of Salesforce in a research report on Thursday. Royal Bank Of Canada reiterated a “sector perform” rating and set a $250.00 price objective on shares of Salesforce in a research note on Thursday. Wall Street Zen raised Salesforce from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Oppenheimer decreased their target price on Salesforce from $315.00 to $300.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $430.00 target price on shares of Salesforce in a research report on Friday, October 17th. Twenty-nine research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $326.27.

Salesforce Company Profile

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.