Roper Technologies, Inc. (ROP) to Distribute Quarterly Dividend of $1.00 on January 19th

Roper Technologies, Inc. (NASDAQ:ROP) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Monday, January 4th will be given a dividend of $1.00 per share by the industrial products company on Tuesday, January 19th. This represents a $4.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, January 4th. This is a 9.9% increase from Roper Technologies’s previous quarterly dividend of $0.91.

Roper Technologies has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 33 consecutive years. Roper Technologies has a dividend payout ratio of 16.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Roper Technologies to earn $24.59 per share next year, which means the company should continue to be able to cover its $3.64 annual dividend with an expected future payout ratio of 14.8%.

Roper Technologies Trading Down 0.3%

Roper Technologies stock opened at $490.96 on Friday. The stock has a 50-day moving average price of $397.99 and a 200 day moving average price of $366.83. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 0.43. The stock has a market cap of $48.62 billion, a PE ratio of 19.37, a P/E/G ratio of 2.44 and a beta of 0.67. Roper Technologies has a 52 week low of $305.96 and a 52 week high of $507.24.

Roper Technologies (NASDAQ:ROP) last announced its quarterly earnings data on Thursday, October 22nd. The industrial products company reported $5.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.79 by $0.10. Roper Technologies had a net margin of 30.71% and a return on equity of 11.64%. The business had revenue of $2.17 billion for the quarter. During the same period in the previous year, the company posted $5.14 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. Equities research analysts predict that Roper Technologies will post 22.38 earnings per share for the current fiscal year.

Roper Technologies Company Profile

Roper Technologies, Inc is a diversified technology company that develops and acquires businesses serving specialized markets. Its portfolio includes application software, network software and technology-enabled products used by businesses, healthcare organizations, government agencies and other institutions.

The company’s software businesses provide solutions for areas such as education administration, healthcare information management, enterprise asset management, compliance, legal and construction workflows, and financial services.