Formula Systems (1985) Ltd. (NASDAQ:FORTY) Plans Semi-annual Dividend of $0.97

Formula Systems (1985) Ltd. (NASDAQ:FORTY) announced a semi-annual dividend on Thursday, May 29th, Wall Street Journal reports. Shareholders of record on Monday, July 7th will be paid a dividend of 0.9728 per share by the technology company on Friday, August 1st. This represents a yield of 1%. The ex-dividend date of this dividend is Monday, July 7th. This is a 41.9% increase from Formula Systems (1985)’s previous semi-annual dividend of $0.69.

Formula Systems (1985) has decreased its dividend payment by an average of 4.2% per year over the last three years.

Formula Systems (1985) Stock Up 11.3%

FORTY stock opened at $108.50 on Friday. Formula Systems has a twelve month low of $69.07 and a twelve month high of $108.71. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average is $91.91 and its 200-day moving average is $91.31. The firm has a market capitalization of $1.66 billion, a PE ratio of 22.51 and a beta of 0.88.

Formula Systems (1985) (NASDAQ:FORTY) last issued its quarterly earnings data on Thursday, May 22nd. The technology company reported $1.23 earnings per share (EPS) for the quarter. The business had revenue of $754.68 million during the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%.

About Formula Systems (1985)

Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration worldwide. The company offers computer and telecommunication infrastructure solutions; and sells and markets computers and peripheral equipment, and cloud based solutions and services relating to databases and big data.