RingCentral, Inc. (NYSE:RNG) Shares Set to Pay Quarterly Dividend of $0.12

RingCentral, Inc. (NYSE:RNG) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Friday, November 6th will be paid a dividend of $0.1250 per share by the software maker on Friday, November 20th. This represents a $0.50 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, November 6th.

RingCentral Trading Down 4.0%

RNG stock opened at $79.11 on Friday. The stock has a 50-day moving average price of $73.63 and a two-hundred day moving average price of $54.03. RingCentral has a 12-month low of $24.14 and a 12-month high of $83.71. The company has a market cap of $6.61 billion, a PE ratio of 63.29, a price-to-earnings-growth ratio of 1.43 and a beta of 1.10.

RingCentral (NYSE:RNG) last posted its quarterly earnings results on Thursday, October 22nd. The software maker reported $1.33 EPS for the quarter, beating the consensus estimate of $1.28 by $0.05. The firm had revenue of $676.04 million for the quarter, compared to analyst estimates of $667.30 million. RingCentral had a net margin of 4.27% and a negative return on equity of 34.49%. RingCentral’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.13 earnings per share. Equities analysts forecast that RingCentral will post 2.89 EPS for the current fiscal year.

RingCentral Company Profile

RingCentral, Inc is a provider of cloud-based business communications and collaboration solutions. Its platform enables organizations to manage business phone services, team messaging, video meetings, contact center operations and other communications through internet-based applications rather than traditional on-premises systems.

The company’s offerings include RingEX, a unified communications platform that combines voice, messaging and video; RingCentral Video for online meetings and collaboration; and RingCX, a cloud contact center solution.