Pegasystems Inc. (PEGA) to Issue Quarterly Dividend of $0.03 on July 15th

Pegasystems Inc. (NASDAQ:PEGA – Get Free Report) declared a quarterly dividend on Monday, June 15th. Stockholders 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 dividend yield of 0.4%. The ex-dividend date is Wednesday, July 1st.

Pegasystems has raised its dividend payment by an average of 0.1%per year over the last three years. Pegasystems has a payout ratio of 3.3% indicating that its dividend is sufficiently covered by earnings. Research 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%.

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Pegasystems Price Performance

Shares of PEGA stock opened at $30.78 on Monday. Pegasystems has a twelve month low of $28.66 and a twelve month high of $68.10. The company has a market cap of $5.14 billion, a P/E ratio of 16.55 and a beta of 0.86. The business has a fifty day simple moving average of $34.67 and a 200 day simple moving average of $43.76.

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

Pegasystems Company Profile

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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.

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