Salesforce Inc. (NYSE:CRM – Get Free Report) announced a quarterly dividend on Thursday, September 3rd. Shareholders of record on Thursday, September 17th will be given a dividend of 0.44 per share by the CRM provider on Thursday, October 8th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, September 17th.
Salesforce has a payout ratio of 13.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Salesforce to earn $11.21 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 15.7%.
Salesforce Trading Up 2.8%
NYSE:CRM opened at $264.13 on Friday. The business’s 50-day simple moving average is $189.85 and its 200-day simple moving average is $184.47. The stock has a market capitalization of $217.38 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 1.19 and a beta of 1.20. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. Salesforce has a fifty-two week low of $146.32 and a fifty-two week high of $269.11.
Salesforce News Summary
Here are the key news stories impacting Salesforce this week:
- Positive Sentiment: AI partnership strengthens Salesforce’s growth narrative. Salesforce’s integration of Anthropic’s Claude through “Claudeforce,” alongside its Agentforce and Data 360 platforms, is helping counter concerns that generative AI could disrupt traditional customer-relationship-management software. Analysts see the partnership as a potential source of new revenue and customer demand. Salesforce May Have Found an Answer to the AI Disruption Threat, Cantor Says
- Positive Sentiment: Analysts remain bullish. Cantor Fitzgerald raised its Salesforce price target to $300 and maintained an overweight stance, while BTIG Research reaffirmed its buy rating with a $300 target. Needham previously reiterated its buy rating with a substantially higher $400 target. Cantor Fitzgerald Raises Salesforce Price Target to $300 BTIG Reaffirms Buy Rating for Salesforce
- Positive Sentiment: Recent earnings provided a strong fundamental catalyst. Salesforce reported quarterly revenue of $11.35 billion, up 10.8% year over year, and adjusted earnings per share of $5.90 versus the $3.27 analyst consensus. Higher guidance and reported momentum in AI products have helped drive the sharp recent advance.
- Neutral Sentiment: Salesforce declared a quarterly dividend of $0.44 per share. The dividend is payable October 8 to shareholders of record September 17, with an annualized yield of approximately 0.7%. The payment supports shareholder returns but is unlikely to be a major stock-price catalyst. Salesforce Announces Quarterly Dividend
- Negative Sentiment: Execution and valuation remain risks. After the recent rally, CRM is trading close to its yearly high, increasing expectations for sustained revenue acceleration and successful AI monetization. Any slowdown in subscription growth or weaker-than-expected adoption could limit further gains.
About Salesforce
Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.
Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.
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