QAD Inc. (QADB) Declares Dividend Increase – $0.07 Per Share
QAD Inc. (NASDAQ:QADB) announced a quarterly dividend on Wednesday, September 13th, RTT News reports. Stockholders of record on Tuesday, September 26th will be paid a dividend of 0.072 per share by the software maker on Tuesday, October 3rd. This represents a $0.29 annualized dividend and a dividend yield of 1.07%. This is a positive change from QAD’s previous quarterly dividend of $0.06.
Shares of QAD (QADB) traded up 2.76% during midday trading on Wednesday, hitting $26.80. The stock had a trading volume of 1,684 shares. The company’s market capitalization is $514.99 million. The firm’s 50-day moving average is $25.64 and its 200 day moving average is $25.34. QAD has a one year low of $17.79 and a one year high of $28.75.
QAD (NASDAQ:QADB) last issued its quarterly earnings results on Thursday, August 24th. The software maker reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.10). QAD had a negative net margin of 5.98% and a negative return on equity of 0.48%. The company had revenue of $75.96 million for the quarter. Equities analysts expect that QAD will post $0.28 earnings per share for the current fiscal year.
An institutional investor recently raised its position in QAD stock. Vanguard Group Inc. grew its holdings in QAD Inc. (NASDAQ:QADB) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,323 shares of the software maker’s stock after buying an additional 417 shares during the period. Vanguard Group Inc. owned 0.29% of QAD worth $1,459,000 at the end of the most recent quarter. 1.83% of the stock is currently owned by hedge funds and other institutional investors.
QAD Company Profile
QAD Inc (QAD) is a provider of vertically oriented enterprise software solutions for global manufacturing companies across the automotive, life sciences, consumer products, food and beverage, high technology and industrial products industries. QAD Enterprise Applications enables measurement and control of business processes and supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management.
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