Pegasystems Inc. (NASDAQ:PEGA) Announces Quarterly Dividend of $0.03

Key Points

• Pegasystems Inc. has declared a quarterly dividend of $0.03 per share, to be paid on October 15th, with the record date set for October 1st.
• The company reported earnings of $0.28 per share for the last quarter, exceeding analysts' expectations of $0.24, while its quarterly revenue was up 9.5% year-over-year.
• Pegasystems' dividend payout ratio is relatively low at 3.3%, indicating that the dividend is well-covered by its earnings, and the anticipated future payout ratio will be 5.6% based on analyst projections.

Pegasystems Inc. (NASDAQ:PEGA - Get Free Report) announced a quarterly dividend on Monday, September 15th. Investors of record on Wednesday, October 1st will be paid a dividend of 0.03 per share by the technology company on Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 1st.

Pegasystems has a dividend payout ratio of 3.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Pegasystems to earn $2.16 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 5.6%.

Pegasystems Stock Up 2.0%

NASDAQ PEGA opened at $59.23 on Tuesday. Pegasystems has a fifty-two week low of $29.84 and a fifty-two week high of $60.96. The business has a 50 day moving average price of $54.35 and a two-hundred day moving average price of $47.29. The stock has a market cap of $10.13 billion, a PE ratio of 50.84 and a beta of 1.08.

Pegasystems (NASDAQ:PEGA - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. Pegasystems had a net margin of 13.14% and a return on equity of 42.42%. The company had revenue of $384.51 million during the quarter, compared to the consensus estimate of $345.07 million. During the same quarter last year, the company earned $0.26 earnings per share. Pegasystems's revenue for the quarter was up 9.5% on a year-over-year basis. Sell-side analysts anticipate that Pegasystems will post 1.89 EPS for the current fiscal year.

About Pegasystems

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients' processes and workflows.

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