Zedge, Inc. (NYSEAMERICAN:ZDGE) Shares Will Pay Quarterly Dividend of $0.02

Zedge, Inc. (NYSEAMERICAN:ZDGE) announced a quarterly dividend on Monday, October 26th. Shareholders of record on Monday, November 9th will be paid a dividend of $0.02 per share on Monday, November 23rd. This represents a $0.08 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, November 9th.

Zedge Trading Down 2.6%

ZDGE stock opened at $2.24 on Friday. The company has a market capitalization of $33.60 million, a P/E ratio of 9.25 and a beta of 1.32. The firm has a 50 day simple moving average of $2.84 and a 200-day simple moving average of $3.01. Zedge has a twelve month low of $2.13 and a twelve month high of $4.70.

Zedge (NYSEAMERICAN:ZDGE) last issued its quarterly earnings results on Monday, October 26th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. Zedge had a negative net margin of 0.41% and a positive return on equity of 13.19%. The business had revenue of $7.77 million for the quarter, compared to the consensus estimate of $7.20 million. On average, research analysts predict that Zedge will post 0.12 EPS for the current year.

About Zedge

Zedge, Inc (NYSE American: ZDGE) operates a mobile-first digital content platform that enables users to discover, customize and share content for smartphones and other personal devices. Its principal consumer product is the Zedge app, which offers wallpapers, video wallpapers, ringtones, notification sounds, stickers and other personalization content.

The company provides both free and premium content, with offerings from independent creators as well as technology-assisted and user-generated content.