Salesforce Inc. (NYSE:CRM) to Issue Quarterly Dividend of $0.42

Salesforce Inc. (NYSE:CRM) announced a quarterly dividend on Thursday, December 4th. Shareholders of record on Thursday, December 18th will be given a dividend of 0.416 per share by the CRM provider on Thursday, January 8th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, December 18th.

Salesforce has a payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Salesforce to earn $8.41 per share next year, which means the company should continue to be able to cover its $1.66 annual dividend with an expected future payout ratio of 19.7%.

Salesforce Trading Up 5.5%

CRM traded up $13.54 during trading hours on Friday, reaching $261.00. 10,678,971 shares of the company’s stock traded hands, compared to its average volume of 7,799,262. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $248.47 billion, a PE ratio of 34.86, a PEG ratio of 1.87 and a beta of 1.25. The firm has a 50-day moving average price of $242.92 and a 200 day moving average price of $253.07. Salesforce has a 52-week low of $221.96 and a 52-week high of $367.15.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.39. The company had revenue of $10.26 billion during the quarter, compared to analyst estimates of $10.27 billion. Salesforce had a return on equity of 14.35% and a net margin of 17.91%.Salesforce’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.41 earnings per share. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. As a group, sell-side analysts predict that Salesforce will post 7.46 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Marc Benioff sold 122 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $259.00, for a total transaction of $31,598.00. Following the completion of the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,085,096,889. The trade was a 0.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Parker Harris sold 134,662 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the sale, the insider directly owned 139,767 shares of the company’s stock, valued at approximately $32,803,314.90. This trade represents a 49.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 184,284 shares of company stock worth $43,862,999. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRM. Painted Porch Advisors LLC grew its position in Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 65 shares during the period. Marquette Asset Management LLC purchased a new position in shares of Salesforce during the 3rd quarter worth $26,000. Evolution Wealth Management Inc. acquired a new stake in shares of Salesforce during the 2nd quarter worth approximately $27,000. Texas Capital Bancshares Inc TX acquired a new position in Salesforce during the third quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC increased its stake in Salesforce by 314.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 85 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

About Salesforce

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.