Salesforce Inc. Declares Quarterly Dividend of $0.44 (NYSE:CRM)

Salesforce Inc. (NYSE:CRM) announced a quarterly dividend on Thursday, May 28th. Investors 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 dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, June 11th.

Salesforce has a payout ratio of 13.9% meaning 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 Down 0.7%

Shares of CRM stock opened at $176.30 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. The stock has a market cap of $144.26 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14. The stock has a 50 day simple moving average of $180.84 and a 200 day simple moving average of $210.72. Salesforce has a 1 year low of $163.52 and a 1 year high of $276.80.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.13 by $0.75. Salesforce had a return on equity of 16.70% and a net margin of 18.73%.The business had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.05 billion. During the same period in the previous year, the company posted $2.58 earnings per share. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. On average, research analysts predict that Salesforce will post 9.72 earnings per share for the current fiscal year.

Salesforce announced that its board has authorized a stock repurchase program on Monday, March 16th that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the CRM provider to repurchase up to 14.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

About Salesforce

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.