Microlise Group plc (LON:SAAS) Declares Dividend Increase – GBX 1.24 Per Share

Microlise Group plc (LON:SAAS) announced a dividend on Thursday, March 27th, Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, June 5th will be paid a dividend of GBX 1.24 ($0.02) per share on Friday, June 27th. This represents a dividend yield of 1.19%. The ex-dividend date is Thursday, June 5th. This is a 117.5% increase from Microlise Group’s previous dividend of $0.57. The official announcement can be seen at this link.

Microlise Group Stock Performance

LON SAAS opened at GBX 115 ($1.49) on Friday. The business has a 50 day moving average price of GBX 108.64 and a 200 day moving average price of GBX 110.22. The company has a market capitalization of £133.17 million, a P/E ratio of 98.42 and a beta of 0.19. Microlise Group has a 1-year low of GBX 88 ($1.14) and a 1-year high of GBX 178 ($2.30). The company has a debt-to-equity ratio of 2.38, a current ratio of 1.25 and a quick ratio of 1.08.

Microlise Group (LON:SAAS) last announced its quarterly earnings results on Thursday, March 27th. The company reported GBX 4.19 ($0.05) earnings per share for the quarter. Microlise Group had a return on equity of 1.87% and a net margin of 2.14%. Sell-side analysts expect that Microlise Group will post 5.5260831 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group assumed coverage on shares of Microlise Group in a research report on Thursday. They set a “buy” rating and a GBX 199 ($2.58) target price for the company.

About Microlise Group

Microlise is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions

These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience

Established in 1982, Microlise is an award-winning business with around 350 employees based at the Group’s headquarters in Nottingham, as part of a total staff of 500 globally with international offices in France, India and Australia