Enghouse Systems Limited (TSE:ENGH) Announces Dividend Increase – $0.31 Per Share

Enghouse Systems Limited (TSE:ENGH) declared a quarterly dividend on Friday, May 15th, TickerTech Dividends reports. Shareholders of record on Friday, May 29th will be paid a dividend of 0.31 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Friday, May 15th. This is a 3.3% increase from Enghouse Systems’s previous quarterly dividend of $0.30.

Enghouse Systems Trading Down 0.1%

Shares of ENGH traded down C$0.02 during trading on Wednesday, reaching C$17.02. 23,948 shares of the company traded hands, compared to its average volume of 282,819. The stock has a 50-day simple moving average of C$16.97 and a 200-day simple moving average of C$18.66. The stock has a market cap of C$927.57 million, a PE ratio of 13.51, a price-to-earnings-growth ratio of -4.19 and a beta of -0.06. Enghouse Systems has a twelve month low of C$14.80 and a twelve month high of C$27.41. The company has a quick ratio of 1.84, a current ratio of 1.68 and a debt-to-equity ratio of 1.75.

Enghouse Systems (TSE:ENGH) last posted its quarterly earnings data on Thursday, March 12th. The company reported C$0.32 earnings per share for the quarter. Enghouse Systems had a net margin of 13.99% and a return on equity of 11.48%. The firm had revenue of C$120.10 million during the quarter. On average, analysts anticipate that Enghouse Systems will post 1.6991295 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. TD Securities lowered their price target on Enghouse Systems from C$22.00 to C$17.00 and set a “hold” rating for the company in a research report on Monday, March 16th. Royal Bank Of Canada cut their price objective on Enghouse Systems from C$22.00 to C$20.00 and set a “sector perform” rating on the stock in a report on Monday, March 16th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Enghouse Systems currently has a consensus rating of “Reduce” and an average price target of C$20.50.

Enghouse Systems Company Profile

Enghouse Systems Limited is a Canadian publicly traded company (TSX: ENGH) that provides mission-critical vertically focused enterprise software solutions. Our core technologies are used for contact centers, video communications, virtual healthcare, education, telecommunications, networks, IPTV, public safety and transit. The Company’s two-pronged strategy to grow earnings focuses on both organic growth and acquisitions, which, to date, have been funded through net cash provided by operating activities as the Company has no external debt financing.