Roper Technologies, Inc. (NASDAQ:ROP – Get Free Report) declared a quarterly dividend on Thursday, February 19th. Shareholders of record on Monday, April 6th will be given a dividend of 0.91 per share by the industrial products company on Wednesday, April 22nd. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, April 6th.
Roper Technologies has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Roper Technologies has a dividend payout ratio of 16.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Roper Technologies to earn $21.17 per share next year, which means the company should continue to be able to cover its $3.64 annual dividend with an expected future payout ratio of 17.2%.
Roper Technologies Stock Performance
NASDAQ:ROP traded up $2.88 during mid-day trading on Friday, hitting $334.88. 925,499 shares of the company’s stock traded hands, compared to its average volume of 1,822,664. The firm has a 50 day moving average of $402.54 and a two-hundred day moving average of $460.13. Roper Technologies has a 12 month low of $313.07 and a 12 month high of $595.17. The firm has a market capitalization of $36.05 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 1.57 and a beta of 0.92. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 0.43.
Roper Technologies Company Profile
Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.
Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.
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