Pegasystems Inc. (PEGA) To Go Ex-Dividend on July 1st

Pegasystems Inc. (NASDAQ:PEGA) declared a quarterly dividend on Monday, June 15th. Investors of record on Wednesday, July 1st will be given a dividend of 0.03 per share by the technology company on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, July 1st.

Pegasystems has raised its dividend payment by an average of 0.1%annually over the last three years. Pegasystems has a dividend payout ratio of 3.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Pegasystems to earn $2.30 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 5.2%.

Pegasystems Price Performance

NASDAQ:PEGA opened at $32.35 on Wednesday. The firm’s fifty day moving average price is $36.50 and its 200 day moving average price is $45.26. Pegasystems has a 1-year low of $31.46 and a 1-year high of $68.10. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 17.39 and a beta of 0.86.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Tuesday, April 21st. The technology company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.22). Pegasystems had a net margin of 20.04% and a return on equity of 30.05%. The firm had revenue of $429.97 million during the quarter, compared to analysts’ expectations of $473.24 million. During the same quarter last year, the business earned $0.76 earnings per share. The business’s quarterly revenue was down 9.6% on a year-over-year basis. As a group, analysts expect that Pegasystems will post 1.93 earnings per share for the current fiscal year.

About Pegasystems

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.