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

Salesforce Inc. (NYSE:CRM) declared a quarterly dividend on Thursday, September 3rd. Stockholders of record on Thursday, September 17th will be given a dividend of 0.44 per share by the CRM provider on Thursday, October 8th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, September 17th.

Salesforce has a dividend payout ratio of 13.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Salesforce to earn $11.21 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 15.7%.

Salesforce Price Performance

Shares of NYSE:CRM opened at $264.13 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market cap of $217.38 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 1.19 and a beta of 1.20. The stock’s 50 day moving average price is $189.85 and its 200 day moving average price is $184.47. Salesforce has a 12 month low of $146.32 and a 12 month high of $269.11.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The firm had revenue of $11.35 billion for the quarter, compared to analyst estimates of $11.33 billion. During the same period in the previous year, the company earned $2.91 earnings per share. Salesforce’s revenue was up 10.8% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Equities research analysts anticipate that Salesforce will post 12.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Salesforce

Institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Retirement Investments LLC bought a new stake in Salesforce in the fourth quarter worth approximately $25,000. Manning & Napier Advisors LLC acquired a new stake in Salesforce in the 2nd quarter worth approximately $26,000. Gilpin Wealth Management LLC bought a new stake in Salesforce during the fourth quarter worth approximately $26,000. Persistent Asset Partners Ltd acquired a new position in Salesforce during the second quarter valued at approximately $27,000. Finally, Costello Asset Management INC grew its holdings in Salesforce by 410.3% during the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Company Profile

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.