Formula Systems (1985) Ltd. (NASDAQ:FORTY) Plans Quarterly Dividend of $0.50

Key Points

• Formula Systems (1985) Ltd. declared a quarterly dividend of $0.50 per share, payable on November 7th to stockholders of record as of October 14th, representing a 1.4% dividend yield.
• The company reported $0.95 EPS for the last quarter with revenue of $743.37 million, indicating a return on equity of 5.58% and a net margin of 2.70%.
• As of the latest trading session, Formula Systems stock has seen a decline of 2.8%, closing at $145.86, with a market capitalization of $2.24 billion.

Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) declared a quarterly dividend on Tuesday, August 19th. Stockholders of record on Tuesday, October 14th will be paid a dividend of 0.505 per share by the technology company on Friday, November 7th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, October 14th.

Formula Systems (1985) Trading Down 2.8%

Shares of Formula Systems (1985) stock opened at $145.86 on Friday. The stock has a fifty day simple moving average of $131.03 and a 200 day simple moving average of $114.46. Formula Systems has a 12-month low of $76.61 and a 12-month high of $151.31. The company has a market capitalization of $2.24 billion, a P/E ratio of 29.35 and a beta of 0.90. The company has a current ratio of 1.21, a quick ratio of 1.17 and a debt-to-equity ratio of 0.17.

Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The technology company reported $0.95 earnings per share (EPS) for the quarter. Formula Systems (1985) had a return on equity of 5.58% and a net margin of 2.70%.The business had revenue of $743.37 million during the quarter.

About Formula Systems (1985)

Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration worldwide. The company offers computer and telecommunication infrastructure solutions; and sells and markets computers and peripheral equipment, and cloud based solutions and services relating to databases and big data.

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