Formula Systems (1985) Ltd. (NASDAQ:FORTY) Increases Dividend to $0.69 Per Share

Formula Systems (1985) Ltd. (NASDAQ:FORTY) announced a semi-annual dividend on Thursday, March 27th, Wall Street Journal reports. Investors 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 of this dividend 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) Price Performance

NASDAQ FORTY opened at $86.48 on Friday. Formula Systems has a 1 year low of $69.07 and a 1 year high of $100.00. The business’s fifty day moving average is $93.38 and its two-hundred day moving average is $87.31. The stock has a market capitalization of $1.33 billion, a P/E ratio of 17.94 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.41.

Formula Systems (1985) (NASDAQ:FORTY) last issued its earnings results on Thursday, March 20th. The technology company reported $1.28 earnings per share (EPS) for the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%. The business had revenue of $691.50 million for the quarter.

Formula Systems (1985) Company Profile

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.