ePlus inc. (NASDAQ:PLUS) to Issue $0.25 Quarterly Dividend

Key Points

• ePlus inc. has announced a quarterly dividend of $0.25 per share, payable on September 17th to shareholders of record on August 26th, reflecting a 1.6% yield annually.
• The company reported $1.03 EPS for the last quarter, missing estimates of $1.11, with a net margin of 5.22%.
• ePlus has a market capitalization of $1.68 billion and a price-to-earnings ratio of 15.63.

ePlus inc. (NASDAQ:PLUS - Get Free Report) declared a quarterly dividend on Thursday, August 7th, RTT News reports. Shareholders of record on Tuesday, August 26th will be given a dividend of 0.25 per share by the software maker on Wednesday, September 17th. This represents a c) dividend on an annualized basis and a yield of 1.6%.

ePlus Trading Down 0.5%

NASDAQ:PLUS traded down $0.30 during trading hours on Thursday, reaching $63.30. 144,826 shares of the stock were exchanged, compared to its average volume of 141,761. The company has a quick ratio of 1.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average of $69.67 and a two-hundred day moving average of $67.34. ePlus has a twelve month low of $53.83 and a twelve month high of $106.98. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 1.60 and a beta of 1.14.

ePlus (NASDAQ:PLUS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The software maker reported $1.03 EPS for the quarter, missing analysts' consensus estimates of $1.11 by ($0.08). ePlus had a return on equity of 11.34% and a net margin of 5.22%. On average, equities analysts predict that ePlus will post 3.78 EPS for the current year.

About ePlus

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates through two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; managed services or infrastructure and cloud; and enhanced maintenance support, service desk, storage-as-a-service, cloud hosted and managed, and managed security services; and professional, staff augmentation, cloud consulting, consulting, and security services.

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