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

Paycom Software, Inc. (NYSE:PAYCGet Free Report) declared a quarterly dividend on Monday, August 3rd. Shareholders of record on Monday, August 24th will be paid a dividend of 0.375 per share by the software maker on Tuesday, September 8th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, August 24th.

Paycom Software has a dividend payout ratio of 15.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Paycom Software to earn $11.98 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 12.5%.

Paycom Software Price Performance

PAYC opened at $229.37 on Friday. The company has a 50 day moving average of $160.58 and a two-hundred day moving average of $139.85. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. Paycom Software has a 52-week low of $104.90 and a 52-week high of $234.60. The company has a market cap of $10.34 billion, a P/E ratio of 24.38, a P/E/G ratio of 1.28 and a beta of 0.76.

Paycom Software (NYSE:PAYCGet Free Report) last released its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.40. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The firm had revenue of $531.20 million for the quarter, compared to the consensus estimate of $513.12 million. During the same quarter in the previous year, the firm posted $2.06 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. On average, analysts expect that Paycom Software will post 10.48 earnings per share for the current year.

Paycom Software Company Profile

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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.

Further Reading

Dividend History for Paycom Software (NYSE:PAYC)

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