Pegasystems Inc. (NASDAQ:PEGA) Announces $0.08 Special Dividend

Pegasystems Inc. (NASDAQ:PEGA) declared a special dividend on Thursday, February 5th. Shareholders of record on Monday, August 17th will be paid a dividend of 0.083 per share by the technology company on Wednesday, September 16th. The ex-dividend date is Monday, August 17th.

Pegasystems has raised its dividend payment by an average of 0.1%per year over the last three years. Pegasystems has a dividend payout ratio of 3.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Pegasystems to earn $1.97 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 6.1%.

Pegasystems Price Performance

Shares of NASDAQ PEGA opened at $32.32 on Friday. The firm’s 50 day simple moving average is $31.13 and its 200-day simple moving average is $37.23. Pegasystems has a 12 month low of $25.10 and a 12 month high of $68.10. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 18.26 and a beta of 0.87.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings results on Tuesday, July 21st. The technology company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). The firm had revenue of $420.72 million for the quarter, compared to analyst estimates of $427.38 million. Pegasystems had a net margin of 18.66% and a return on equity of 32.21%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 EPS. Analysts anticipate that Pegasystems will post 1.71 earnings per share for the current fiscal 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.