Salesforce Inc. (NYSE:CRM) Plans Quarterly Dividend of $0.42

Key Points

• Salesforce Inc. declared a quarterly dividend of $0.42, with stockholders receiving it on October 9th for shares held by September 17th.
• The company reported $2.91 earnings per share, exceeding estimates, and had a revenue of $10.24 billion for the quarter, marking a 9.8% increase year-over-year.
• Salesforce's dividend payout ratio is 13.1%, suggesting strong earnings coverage, with analysts projecting future earnings will enable the company to maintain its dividend policy.

Salesforce Inc. (NYSE:CRM - Get Free Report) announced a quarterly dividend on Thursday, September 4th, RTT News reports. Stockholders of record on Wednesday, September 17th will be given a dividend of 0.416 per share by the CRM provider on Thursday, October 9th. This represents a c) annualized dividend and a dividend yield of 0.7%.

Salesforce has a dividend payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Salesforce to earn $8.41 per share next year, which means the company should continue to be able to cover its $1.66 annual dividend with an expected future payout ratio of 19.7%.

Salesforce Price Performance

NYSE CRM traded down $12.13 during mid-day trading on Thursday, hitting $244.32. The stock had a trading volume of 30,809,672 shares, compared to its average volume of 8,715,579. Salesforce has a 52-week low of $226.48 and a 52-week high of $369.00. The company has a market cap of $233.57 billion, a price-to-earnings ratio of 35.51, a P/E/G ratio of 2.33 and a beta of 1.22. The company has a 50 day simple moving average of $256.08 and a 200 day simple moving average of $267.62. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM - Get Free Report) last announced its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.13. The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a net margin of 16.87% and a return on equity of 13.34%. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Equities analysts forecast that Salesforce will post 7.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CRM has been the subject of a number of recent research reports. Bank of America decreased their target price on shares of Salesforce from $350.00 to $325.00 and set a "buy" rating for the company in a research note on Tuesday, August 26th. Needham & Company LLC restated a "buy" rating and set a $400.00 target price on shares of Salesforce in a research note on Thursday. Macquarie reiterated a "neutral" rating and issued a $290.00 price target on shares of Salesforce in a research note on Thursday. Morgan Stanley raised their price objective on Salesforce from $404.00 to $405.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, Stifel Nicolaus dropped their price objective on Salesforce from $375.00 to $325.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Salesforce has an average rating of "Moderate Buy" and a consensus target price of $331.34.

About Salesforce

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.

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