Pegasystems Inc. (NASDAQ:PEGA) Announces Quarterly Dividend of $0.03

Pegasystems Inc. (NASDAQ:PEGA) declared a quarterly dividend on Monday, December 15th. Shareholders of record on Friday, January 2nd will be paid a dividend of 0.03 per share by the technology company on Friday, January 16th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, January 2nd.

Pegasystems has decreased its dividend payment by an average of 0.0%per year over the last three years. Pegasystems has a dividend payout ratio of 3.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Pegasystems to earn $2.16 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 5.6%.

Pegasystems Stock Performance

Shares of PEGA traded up $0.02 during trading hours on Tuesday, hitting $58.40. The company had a trading volume of 124,999 shares, compared to its average volume of 1,738,704. The stock has a market capitalization of $9.91 billion, a price-to-earnings ratio of 39.24 and a beta of 1.09. The firm has a fifty day moving average price of $58.17 and a 200-day moving average price of $55.53. Pegasystems has a 52-week low of $29.84 and a 52-week high of $68.10.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Tuesday, October 21st. The technology company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.12. The firm had revenue of $381.35 million for the quarter, compared to analysts’ expectations of $351.95 million. Pegasystems had a net margin of 16.05% and a return on equity of 43.49%. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 earnings per share. Research analysts anticipate that Pegasystems will post 1.89 earnings per share for the current fiscal year.

About Pegasystems

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients’ processes and workflows.