AudioCodes Ltd. Announces Dividend of $0.20 (NASDAQ:AUDC)

AudioCodes Ltd. (NASDAQ:AUDC) declared a dividend on Tuesday, February 3rd. Shareholders of record on Friday, February 20th will be paid a dividend of 0.20 per share by the communications equipment provider on Friday, March 6th. This represents a dividend yield of 544.0%. The ex-dividend date is Friday, February 20th.

AudioCodes has increased its dividend payment by an average of 0.1%annually over the last three years. AudioCodes has a payout ratio of 51.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect AudioCodes to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 44.4%.

AudioCodes Stock Down 0.9%

AUDC stock opened at $7.29 on Wednesday. The stock has a market capitalization of $208.93 million, a price-to-earnings ratio of 15.90 and a beta of 1.07. AudioCodes has a 52-week low of $7.27 and a 52-week high of $12.72. The stock’s fifty day simple moving average is $8.74 and its 200-day simple moving average is $9.29.

AudioCodes (NASDAQ:AUDC) last released its earnings results on Tuesday, February 3rd. The communications equipment provider reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. AudioCodes had a return on equity of 9.98% and a net margin of 5.65%.The firm had revenue of $62.61 million for the quarter, compared to the consensus estimate of $62.00 million. AudioCodes has set its FY 2026 guidance at 0.600-0.750 EPS. As a group, analysts anticipate that AudioCodes will post 0.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AudioCodes

A number of large investors have recently modified their holdings of the stock. Susquehanna Advisors Group Inc. acquired a new stake in AudioCodes in the third quarter valued at approximately $217,000. Millennium Management LLC boosted its stake in shares of AudioCodes by 182.9% in the third quarter. Millennium Management LLC now owns 141,319 shares of the communications equipment provider’s stock valued at $1,345,000 after purchasing an additional 91,361 shares during the period. Bank of America Corp DE grew its holdings in AudioCodes by 186.0% during the 3rd quarter. Bank of America Corp DE now owns 57,727 shares of the communications equipment provider’s stock valued at $550,000 after purchasing an additional 37,542 shares in the last quarter. JPMorgan Chase & Co. increased its stake in AudioCodes by 38.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 39,306 shares of the communications equipment provider’s stock worth $386,000 after buying an additional 10,877 shares during the period. Finally, Jane Street Group LLC lifted its holdings in AudioCodes by 14.2% in the 1st quarter. Jane Street Group LLC now owns 47,624 shares of the communications equipment provider’s stock worth $449,000 after buying an additional 5,938 shares in the last quarter. Institutional investors and hedge funds own 68.05% of the company’s stock.

About AudioCodes

AudioCodes Ltd is a global provider of advanced voice networking and media processing solutions for enterprises and service providers. The company designs and manufactures a comprehensive portfolio of products, including session border controllers (SBCs), media gateways, IP phones, management and monitoring software, and cloud-based communications microservices. Its offerings support a wide range of unified communications (UC) and contact center deployments, enabling secure, high-quality voice connectivity across on-premises, hybrid and cloud environments.

Founded in 1993 and headquartered in Rosh Ha’Ayin, Israel, AudioCodes serves customers in North America, Europe, Asia-Pacific and Latin America.