Salesforce Inc. (CRM) to Issue Quarterly Dividend of $0.44 on July 2nd

by · The Cerbat Gem

Salesforce Inc. (NYSE:CRM – Get Free Report) announced a quarterly dividend on Thursday, May 28th. Shareholders of record on Thursday, June 11th will be paid a dividend of 0.44 per share by the CRM provider on Thursday, July 2nd. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, June 11th.

Salesforce has a payout ratio of 13.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Salesforce to earn $10.98 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 16.0%.

Salesforce Trading Up 8.4%

Shares of CRM stock opened at $191.00 on Friday. The firm has a 50 day moving average price of $180.77 and a two-hundred day moving average price of $210.58. The company has a quick ratio of 0.76, a current ratio of 0.79 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $156.28 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14. Salesforce has a 12-month low of $163.52 and a 12-month high of $276.80.

Salesforce (NYSE:CRM – Get Free Report) last issued its quarterly earnings data on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $0.75. The firm had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the business posted $2.58 earnings per share. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. As a group, analysts predict that Salesforce will post 9.72 earnings per share for the current year.

Salesforce announced that its Board of Directors has initiated a stock buyback program on Monday, March 16th that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the CRM provider to repurchase up to 14.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

About Salesforce

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Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.

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