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

Paycom Software, Inc. (NYSE:PAYC) declared a quarterly dividend on Monday, August 4th, RTT News reports. Shareholders of record on Monday, August 25th will be paid a dividend of 0.375 per share by the software maker on Monday, September 8th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, August 25th.

Paycom Software has a payout ratio of 15.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Paycom Software to earn $7.97 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 18.8%.

Paycom Software Trading Up 3.7%

Shares of NYSE PAYC opened at $233.7390 on Friday. Paycom Software has a 12 month low of $153.08 and a 12 month high of $267.76. The stock has a 50 day moving average of $229.43 and a 200-day moving average of $228.06. The company has a market capitalization of $13.53 billion, a P/E ratio of 31.63, a P/E/G ratio of 2.46 and a beta of 0.81.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.28. Paycom Software had a return on equity of 25.40% and a net margin of 21.22%.The business had revenue of $483.60 million for the quarter, compared to analysts’ expectations of $472.00 million. During the same quarter in the prior year, the business earned $1.62 EPS. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. Analysts predict that Paycom Software will post 7.15 EPS for the current fiscal year.

Paycom Software Company Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.