Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) declared a semi-annual dividend on Thursday, March 20th, Wall Street Journal reports. Shareholders of record on Wednesday, April 30th will be paid a dividend of 0.6855 per share by the technology company on Tuesday, May 27th. This represents a yield of 1%. The ex-dividend date is Wednesday, April 30th. This is a 8.8% increase from Formula Systems (1985)'s previous semi-annual dividend of $0.63.
Formula Systems (1985) has decreased its dividend by an average of 4.2% annually over the last three years.
Formula Systems (1985) Stock Down 3.5 %
Shares of FORTY traded down $3.13 during mid-day trading on Monday, hitting $86.82. The company's stock had a trading volume of 1,521 shares, compared to its average volume of 847. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The company's 50-day moving average is $93.35 and its 200-day moving average is $87.56. Formula Systems has a 52-week low of $69.07 and a 52-week high of $100.00. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 18.01 and a beta of 1.10.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last posted its earnings results on Thursday, March 20th. The technology company reported $1.28 earnings per share for the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%. The company had revenue of $691.50 million during the quarter.
About Formula Systems (1985)
(
Get Free Report)
Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration worldwide. The company offers computer and telecommunication infrastructure solutions; and sells and markets computers and peripheral equipment, and cloud based solutions and services relating to databases and big data.
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