The Sage Group plc (OTCMKTS:SGPYY) Plans $0.26 Dividend

The Sage Group plc (OTCMKTS:SGPYYGet Rating) declared a dividend on Saturday, May 21st, investing.com reports. Stockholders of record on Friday, May 27th will be given a dividend of 0.2625 per share by the technology company on Friday, July 1st. This represents a dividend yield of 2.54%. The ex-dividend date of this dividend is Thursday, May 26th.

Shares of SGPYY stock opened at $33.67 on Tuesday. The Sage Group has a 12-month low of $31.88 and a 12-month high of $47.89. The firm has a 50-day moving average price of $36.25 and a 200 day moving average price of $39.42. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.67 and a quick ratio of 0.67.

SGPYY has been the subject of several analyst reports. Morgan Stanley cut their price target on shares of The Sage Group from GBX 970 ($12.21) to GBX 880 ($11.07) in a report on Tuesday, March 1st. Jefferies Financial Group cut their price target on shares of The Sage Group from GBX 900 ($11.33) to GBX 890 ($11.20) in a report on Wednesday, January 26th. Redburn Partners raised shares of The Sage Group from a “neutral” rating to a “buy” rating in a report on Monday, January 24th. Credit Suisse Group assumed coverage on shares of The Sage Group in a research note on Thursday, March 31st. They issued an “outperform” rating for the company. Finally, Zacks Investment Research raised shares of The Sage Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 18th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, The Sage Group currently has a consensus rating of “Hold” and an average price target of $640.00.

About The Sage Group (Get Rating)

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in North America, Northern Europe, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software products and financial management solutions; Sage People, a cloud HR and people management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to remotely manage customer data, accounts, and people; Sage Payroll, a cloud-based payroll solution; and Sage HR, a HR management solution.

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Dividend History for The Sage Group (OTCMKTS:SGPYY)

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