Salesforce Inc. Plans Quarterly Dividend of $0.42 (NYSE:CRM)

Salesforce Inc. (NYSE:CRM) announced a quarterly dividend on Thursday, December 4th. Stockholders of record on Thursday, December 18th will be given a dividend of 0.416 per share by the CRM provider on Thursday, January 8th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, December 18th.

Salesforce has a dividend payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Salesforce to earn $8.41 per share next year, which means the company should continue to be able to cover its $1.66 annual dividend with an expected future payout ratio of 19.7%.

Salesforce Stock Up 5.4%

NYSE CRM traded up $13.46 during trading on Friday, reaching $260.92. The company’s stock had a trading volume of 11,467,455 shares, compared to its average volume of 7,802,625. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $248.40 billion, a PE ratio of 34.89, a PEG ratio of 1.87 and a beta of 1.25. Salesforce has a 1-year low of $221.96 and a 1-year high of $367.15. The business has a 50-day moving average price of $242.92 and a 200-day moving average price of $253.07.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.39. Salesforce had a net margin of 17.91% and a return on equity of 14.35%. The business had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $10.27 billion. During the same quarter last year, the firm earned $2.41 EPS. Salesforce’s revenue for the quarter was up 9.1% on a year-over-year basis. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, research analysts forecast that Salesforce will post 7.46 earnings per share for the current fiscal year.

About Salesforce

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.