Paycom Software, Inc. (PAYC) to Issue Quarterly Dividend of $0.38 on December 8th

Paycom Software, Inc. (NYSE:PAYC) declared a quarterly dividend on Monday, November 3rd. Investors of record on Monday, November 24th will be paid a dividend of 0.375 per share by the software maker on Monday, December 8th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, November 24th.

Paycom Software has a payout ratio of 15.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Paycom Software to earn $7.97 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 18.8%.

Paycom Software Price Performance

Shares of PAYC stock opened at $181.88 on Wednesday. The stock has a market cap of $10.53 billion, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 2.04 and a beta of 0.88. Paycom Software has a one year low of $180.57 and a one year high of $267.76. The stock has a fifty day moving average price of $209.27 and a 200 day moving average price of $227.23.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.28. The company had revenue of $483.60 million during the quarter, compared to analysts’ expectations of $472.00 million. Paycom Software had a return on equity of 25.40% and a net margin of 21.22%.The business’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the business earned $1.62 earnings per share. Equities research analysts anticipate that Paycom Software will post 7.15 EPS for the current year.

Paycom Software Company Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.