Paycom Software, Inc. (NYSE:PAYC) Plans Quarterly Dividend of $0.38

Paycom Software, Inc. (NYSE:PAYC) announced a quarterly dividend on Monday, August 3rd. Stockholders of record on Monday, August 24th will be paid a dividend of 0.375 per share by the software maker on Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, August 24th.

Paycom Software has a payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Paycom Software to earn $10.42 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 14.4%.

Paycom Software Stock Up 2.8%

Paycom Software stock opened at $168.60 on Tuesday. Paycom Software has a 1-year low of $104.90 and a 1-year high of $248.95. The business has a fifty day moving average price of $139.71 and a 200-day moving average price of $133.35. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 1.39 and a beta of 0.75.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.16. The company had revenue of $571.80 million during the quarter, compared to analysts’ expectations of $564.37 million. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $2.80 earnings per share. Equities research analysts forecast that Paycom Software will post 9.37 EPS for the current fiscal year.

About Paycom Software

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.