RingCentral, Inc. (RNG) to Distribute Quarterly Dividend of $0.12 on November 20th

RingCentral, Inc. (NYSE:RNG) announced a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, November 6th will be given a dividend of $0.1250 per share by the software maker on Friday, November 20th. This represents a $0.50 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, November 6th.

RingCentral Trading Up 5.1%

Shares of NYSE:RNG opened at $83.46 on Friday. The business has a fifty day simple moving average of $74.01 and a 200 day simple moving average of $54.24. RingCentral has a 1 year low of $24.14 and a 1 year high of $98.14. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 1.38 and a beta of 1.10.

RingCentral (NYSE:RNG) last released its quarterly earnings results on Thursday, October 22nd. The software maker reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. The business had revenue of $676.04 million for the quarter, compared to the consensus estimate of $667.30 million. RingCentral had a net margin of 25.27% and a negative return on equity of 37.87%. RingCentral’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.13 EPS. On average, sell-side analysts forecast that RingCentral will post 2.89 EPS for the current year.

About RingCentral

RingCentral, Inc is a provider of cloud-based business communications and collaboration solutions. Its platform enables organizations to manage business phone services, team messaging, video meetings, contact center operations and other communications through internet-based applications rather than traditional on-premises systems.

The company’s offerings include RingEX, a unified communications platform that combines voice, messaging and video; RingCentral Video for online meetings and collaboration; and RingCX, a cloud contact center solution.