Salesforce Inc. (CRM) to Issue Quarterly Dividend of $0.44 on October 8th

Salesforce Inc. (NYSE:CRMGet Free Report) declared a quarterly dividend on Thursday, September 3rd. Stockholders of record on Thursday, September 17th will be given a dividend of 0.44 per share by the CRM provider on Thursday, October 8th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, September 17th.

Salesforce has a dividend payout ratio of 13.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Salesforce to earn $11.25 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 15.6%.

Salesforce Stock Performance

Salesforce stock opened at $259.29 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The stock has a market cap of $213.40 billion, a PE ratio of 23.64, a P/E/G ratio of 1.13 and a beta of 1.20. Salesforce has a 12-month low of $146.32 and a 12-month high of $269.11. The business’s 50-day moving average price is $202.41 and its two-hundred day moving average price is $187.76.

Salesforce (NYSE:CRMGet Free Report) last posted its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, topping analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The firm had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.33 billion. During the same quarter in the prior year, the business earned $2.91 earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. As a group, analysts expect that Salesforce will post 12.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Craig Conway sold 4,500 shares of Salesforce stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $260.61, for a total value of $1,172,745.00. Following the completion of the transaction, the director directly owned 5,437 shares of the company’s stock, valued at approximately $1,416,936.57. This trade represents a 45.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Salesforce

A number of institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System boosted its stake in Salesforce by 13,260.5% in the second quarter. California State Teachers Retirement System now owns 188,085,056 shares of the CRM provider’s stock valued at $29,465,405,000 after acquiring an additional 186,677,290 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Salesforce during the 2nd quarter valued at $11,396,844,000. Bank of America Corp DE purchased a new stake in shares of Salesforce during the 2nd quarter valued at $1,914,086,000. Norges Bank acquired a new stake in shares of Salesforce in the 4th quarter worth $3,182,951,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Salesforce by 130.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock worth $2,363,096,000 after buying an additional 7,160,302 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

Salesforce Company Profile

(Get Free Report)

Salesforce, Inc is a cloud-based software company that provides customer relationship management (CRM) technology and related enterprise applications. Its platform helps organizations manage sales, customer service, marketing, commerce, data analytics and business operations through subscription-based software and cloud services.

The company’s product portfolio includes Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Data Cloud and the Salesforce Platform. Salesforce also offers Slack for workplace collaboration, Tableau for data visualization and analytics, MuleSoft for application integration, and artificial intelligence capabilities, including its Agentforce platform for building and deploying AI agents.

Founded in 1999, Salesforce is headquartered in San Francisco, California, and serves businesses and organizations across a broad range of industries and geographic markets worldwide.

Further Reading

Dividend History for Salesforce (NYSE:CRM)

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