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

Pegasystems Inc. (NASDAQ:PEGA) announced a quarterly dividend on Monday, September 14th. Shareholders of record on Thursday, October 1st will be paid a dividend of 0.03 per share by the technology company on Thursday, October 15th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, October 1st.

Pegasystems has raised its dividend by an average of 0.1%per year over the last three years. Pegasystems has a payout ratio of 3.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Pegasystems to earn $1.91 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 6.3%.

Pegasystems Price Performance

Shares of NASDAQ:PEGA opened at $38.71 on Tuesday. The firm has a market capitalization of $6.36 billion, a PE ratio of 21.87 and a beta of 0.89. The business has a 50 day simple moving average of $32.88 and a two-hundred day simple moving average of $36.01. Pegasystems has a 1 year low of $25.10 and a 1 year high of $68.10.

Pegasystems (NASDAQ:PEGA) last issued its quarterly earnings results on Tuesday, July 21st. The technology company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). Pegasystems had a return on equity of 32.21% and a net margin of 18.66%.The business had revenue of $420.72 million during the quarter, compared to analysts’ expectations of $427.38 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts expect that Pegasystems will post 1.66 EPS for the current fiscal year.

Pegasystems Company Profile

Pegasystems Inc develops enterprise software for customer engagement, workflow automation and business process management. Its solutions help organizations manage customer service, sales, marketing, operations and back-office processes across digital and traditional channels.

The company’s product portfolio includes Pega Platform, a low-code application development and automation platform; Pega Customer Service and Pega Sales; Pega Customer Decision Hub for real-time, personalized customer engagement; and tools for case management, robotic process automation and artificial intelligence.