ePlus inc. (NASDAQ:PLUS) Announces Dividend Increase – $0.27 Per Share

ePlus inc. (NASDAQ:PLUS) declared a quarterly dividend on Thursday, May 28th. Investors of record on Wednesday, June 17th will be given a dividend of 0.27 per share by the software maker on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, June 17th. This is a 8.0% increase from ePlus’s previous quarterly dividend of $0.25.

ePlus Price Performance

Shares of NASDAQ PLUS opened at $88.65 on Friday. The stock’s 50-day moving average is $82.06 and its two-hundred day moving average is $84.65. ePlus has a 1-year low of $62.11 and a 1-year high of $93.98. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 0.97 and a beta of 1.04.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings data on Thursday, May 28th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.02. ePlus had a return on equity of 12.06% and a net margin of 5.63%.The business had revenue of $581.63 million during the quarter, compared to analysts’ expectations of $569.25 million. Equities research analysts anticipate that ePlus will post 4.74 earnings per share for the current fiscal year.

ePlus Company Profile

ePlus Inc (NASDAQ:PLUS) is a technology solutions provider that helps enterprises and public-sector organizations maximize the value of their information technology investments. The company specializes in designing, implementing and managing complex IT infrastructures, with a focus on security, cloud computing, data center modernization and unified communications. By combining consulting services with software license management and hardware procurement, ePlus delivers end-to-end solutions that align with its clients’ strategic objectives.

The company’s offerings include cybersecurity assessments and managed security services, hybrid and public cloud deployments, network architecture and optimization, and collaboration platforms.