Roper Technologies, Inc. (NASDAQ:ROP – Get Free Report) announced a quarterly dividend on Tuesday, May 19th. Stockholders of record on Wednesday, July 8th will be given a dividend of 0.91 per share by the industrial products company on Wednesday, July 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, July 8th.
Roper Technologies has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. Roper Technologies has a payout ratio of 16.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Roper Technologies to earn $23.78 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 15.3%.
Roper Technologies Trading Down 0.6%
Shares of Roper Technologies stock opened at $328.91 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.53 and a quick ratio of 0.49. Roper Technologies has a 1 year low of $305.96 and a 1 year high of $583.95. The company has a market capitalization of $33.19 billion, a P/E ratio of 20.54, a P/E/G ratio of 1.51 and a beta of 0.81. The business has a 50 day moving average price of $350.04 and a 200 day moving average price of $389.46.
Roper Technologies Company Profile
Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.
Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.
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