Salesforce Inc. (NYSE:CRM) Raises Dividend to $0.44 Per Share

Salesforce Inc. (NYSE:CRM) announced a quarterly dividend on Monday, February 23rd. Shareholders of record on Thursday, April 9th will be paid a dividend of 0.44 per share by the CRM provider on Thursday, April 23rd. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, April 9th. This is a 5.8% increase from Salesforce’s previous quarterly dividend of $0.42.

Salesforce has a payout ratio of 13.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Salesforce to earn $8.41 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 20.9%.

Salesforce Stock Performance

Shares of CRM opened at $185.12 on Tuesday. The stock has a 50-day moving average of $193.66 and a two-hundred day moving average of $228.25. Salesforce has a one year low of $174.57 and a one year high of $296.05. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $170.86 billion, a P/E ratio of 23.70, a P/E/G ratio of 1.36 and a beta of 1.29.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, February 25th. The CRM provider reported $3.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.05 by $0.76. The business had revenue of $11.20 billion during the quarter, compared to analysts’ expectations of $11.18 billion. Salesforce had a return on equity of 15.38% and a net margin of 17.96%.The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.78 EPS. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. As a group, research analysts predict that Salesforce will post 7.46 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Citigroup boosted their price objective on Salesforce from $197.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Jefferies Financial Group decreased their price objective on Salesforce from $375.00 to $250.00 and set a “buy” rating for the company in a report on Monday, February 23rd. JPMorgan Chase & Co. decreased their price objective on Salesforce from $365.00 to $320.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Roth Mkm decreased their price objective on Salesforce from $395.00 to $325.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, Wedbush reissued an “outperform” rating and issued a $375.00 price objective on shares of Salesforce in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.21.

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.