Enghouse Systems Limited (TSE:ENGH) to Issue Dividend Increase - $0.30 Per Share

Enghouse Systems Limited (TSE:ENGH - Get Free Report) announced a quarterly dividend on Friday, May 16th, TickerTech Dividends reports. Shareholders of record on Friday, May 30th will be paid a dividend of 0.30 per share on Friday, May 30th. This represents a $1.20 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend is Friday, May 16th. This is a 15.4% increase from Enghouse Systems's previous quarterly dividend of $0.26.

Enghouse Systems Stock Down 1.1%

Shares of TSE:ENGH traded down C$0.29 during midday trading on Monday, hitting C$26.66. The stock had a trading volume of 50,388 shares, compared to its average volume of 99,004. The company has a quick ratio of 1.84, a current ratio of 1.81 and a debt-to-equity ratio of 1.86. The business's 50-day simple moving average is C$25.34 and its 200-day simple moving average is C$27.09. Enghouse Systems has a 12 month low of C$22.72 and a 12 month high of C$34.42. The company has a market cap of C$1.48 billion, a P/E ratio of 18.28, a PEG ratio of -4.19 and a beta of 0.67.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada downgraded Enghouse Systems from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from C$3,800.00 to C$3,300.00 in a research note on Friday, March 28th.

Enghouse Systems Company Profile

Enghouse Systems Ltd is a Canada-based provider of software and services to a variety of end markets. The firm's operations are organized in two segments namely, the Interactive Management Group and the Asset Management Group. The firm has operations in Canada, the United States, the United Kingdom, France, Germany, Sweden, Israel, Croatia, Denmark, Norway, India, Japan, Hong Kong, Singapore, and Australia etc.