SAP SE (NYSE:SAP) Increases Dividend to $2.93 Per Share

SAP SE (NYSE:SAP) announced an annual dividend on Tuesday, April 14th. Investors of record on Tuesday, May 5th will be given a dividend of 2.9291 per share by the software maker on Friday, May 15th. This represents a yield of 175.0%. The ex-dividend date is Tuesday, May 5th. This is a 15.2% increase from SAP’s previous annual dividend of $2.54.

SAP has raised its dividend by an average of 0.1%annually over the last three years. SAP has a payout ratio of 22.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect SAP to earn $7.77 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 23.7%.

SAP Stock Down 1.0%

SAP opened at $167.80 on Wednesday. SAP has a 12 month low of $160.66 and a 12 month high of $313.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market cap of $206.14 billion, a P/E ratio of 23.80, a P/E/G ratio of 1.92 and a beta of 1.24. The stock’s 50 day moving average price is $188.20 and its 200 day moving average price is $227.37.

SAP (NYSE:SAP) last posted its earnings results on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, beating the consensus estimate of $1.77 by $0.13. SAP had a return on equity of 16.54% and a net margin of 19.92%.The firm had revenue of $11.36 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same period last year, the firm earned $1.40 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. As a group, research analysts predict that SAP will post 6.55 earnings per share for the current year.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on?premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in?memory database and platform.