Salesforce Inc. (NYSE:CRM) Declares $0.44 Quarterly Dividend

Salesforce Inc. (NYSE:CRM) declared a quarterly dividend on Thursday, September 3rd. Investors 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) annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, September 17th.

Salesforce has a payout ratio of 13.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Salesforce to earn $11.21 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 15.7%.

Salesforce Stock Performance

Salesforce stock opened at $264.13 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84. The company has a 50 day moving average price of $189.85 and a 200-day moving average price of $184.47. The company has a market capitalization of $217.38 billion, a PE ratio of 24.08, a P/E/G ratio of 1.19 and a beta of 1.20. Salesforce has a fifty-two week low of $146.32 and a fifty-two week high of $269.11.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, topping the consensus estimate of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The business had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.33 billion. During the same period in the prior year, the business earned $2.91 EPS. 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, equities analysts forecast that Salesforce will post 12.64 earnings per share for the current year.

Salesforce Company Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.