AudioCodes Ltd. Declares Dividend of $0.20 (NASDAQ:AUDC)

AudioCodes Ltd. (NASDAQ:AUDC) declared a dividend on Tuesday, August 4th. Shareholders of record on Wednesday, August 19th will be paid a dividend of 0.20 per share by the communications equipment provider on Thursday, September 3rd. This represents a dividend yield of 398.0%. The ex-dividend date of this dividend is Wednesday, August 19th.

AudioCodes has raised its dividend by an average of 0.1%annually over the last three years. AudioCodes has a payout ratio of 51.9% indicating that its dividend is sufficiently covered by earnings.

AudioCodes Stock Up 2.4%

Shares of NASDAQ:AUDC opened at $10.04 on Wednesday. The firm has a fifty day simple moving average of $9.63 and a two-hundred day simple moving average of $8.78. AudioCodes has a 52 week low of $6.95 and a 52 week high of $10.86. The stock has a market capitalization of $255.52 million, a P/E ratio of 40.16 and a beta of 0.96.

AudioCodes (NASDAQ:AUDC) last announced its earnings results on Tuesday, August 4th. The communications equipment provider reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. AudioCodes had a net margin of 2.79% and a return on equity of 6.33%. The firm had revenue of $62.96 million for the quarter, compared to analysts’ expectations of $62.40 million. AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS.

Institutional Investors Weigh In On AudioCodes

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in shares of AudioCodes in the second quarter valued at approximately $43,000. Barclays PLC grew its holdings in AudioCodes by 3,621.4% during the 4th quarter. Barclays PLC now owns 7,294 shares of the communications equipment provider’s stock worth $64,000 after acquiring an additional 7,098 shares in the last quarter. Jump Financial LLC purchased a new position in AudioCodes during the 2nd quarter valued at about $127,000. NewEdge Advisors LLC bought a new stake in shares of AudioCodes in the 4th quarter valued at about $150,000. Finally, SIH Partners LLLP bought a new position in shares of AudioCodes during the third quarter valued at approximately $170,000. Institutional investors own 68.05% of the company’s stock.

AudioCodes Company Profile

AudioCodes Ltd is a global provider of advanced voice networking and media processing solutions for enterprises and service providers. The company designs and manufactures a comprehensive portfolio of products, including session border controllers (SBCs), media gateways, IP phones, management and monitoring software, and cloud-based communications microservices. Its offerings support a wide range of unified communications (UC) and contact center deployments, enabling secure, high-quality voice connectivity across on-premises, hybrid and cloud environments.

Founded in 1993 and headquartered in Rosh Ha’Ayin, Israel, AudioCodes serves customers in North America, Europe, Asia-Pacific and Latin America.