Paycom Software, Inc. (PAYC) to Issue Quarterly Dividend of $0.38 on June 8th

Paycom Software, Inc. (NYSE:PAYCGet Free Report) declared a quarterly dividend on Monday, May 4th. Shareholders of record on Tuesday, May 26th will be given a dividend of 0.375 per share by the software maker on Monday, June 8th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, May 26th.

Paycom Software has a dividend payout ratio of 15.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Paycom Software to earn $10.33 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 14.5%.

Paycom Software Trading Up 2.6%

PAYC opened at $137.79 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08. The company’s 50 day simple moving average is $126.98 and its two-hundred day simple moving average is $141.94. Paycom Software has a 1-year low of $104.90 and a 1-year high of $267.76. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 1.20 and a beta of 0.77.

Paycom Software (NYSE:PAYCGet Free Report) last released its earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.16. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The business had revenue of $571.80 million for the quarter, compared to analyst estimates of $564.37 million. During the same period last year, the company posted $2.80 EPS. The business’s revenue was up 7.8% on a year-over-year basis. Analysts expect that Paycom Software will post 9.09 EPS for the current fiscal year.

About Paycom Software

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Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.

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Dividend History for Paycom Software (NYSE:PAYC)

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