Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) announced a semi-annual dividend on Thursday, May 29th, Wall Street Journal reports. Shareholders of record on Monday, July 7th will be given a dividend of 0.9728 per share by the technology company on Friday, August 1st. This represents a dividend yield of 1%. The ex-dividend date is Monday, July 7th. This is a 41.9% increase from Formula Systems (1985)'s previous semi-annual dividend of $0.69.
Formula Systems (1985) has decreased its dividend payment by an average of 4.2% per year over the last three years.
Formula Systems (1985) Trading Up 1.4%
Shares of NASDAQ:FORTY traded up $1.50 during trading on Monday, reaching $110.00. The stock had a trading volume of 279 shares, compared to its average volume of 891. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1.69 billion, a P/E ratio of 22.82 and a beta of 0.88. The business has a fifty day moving average price of $92.23 and a 200-day moving average price of $91.65. Formula Systems has a fifty-two week low of $69.07 and a fifty-two week high of $111.08.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The technology company reported $1.23 EPS for the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%. The company had revenue of $754.68 million during the quarter.
Formula Systems (1985) Company Profile
(
Get Free Report)
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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