Salesforce Inc. (NYSE:CRM) Plans Quarterly Dividend of $0.44

Salesforce Inc. (NYSE:CRM) declared a quarterly dividend on Thursday, May 28th. Shareholders of record on Thursday, June 11th will be given a dividend of 0.44 per share by the CRM provider on Thursday, July 2nd. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, June 11th.

Salesforce has a payout ratio of 13.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Salesforce to earn $10.98 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 16.0%.

Salesforce Price Performance

Salesforce stock opened at $176.30 on Friday. Salesforce has a 52 week low of $163.52 and a 52 week high of $276.80. The company’s 50 day moving average price is $180.84 and its two-hundred day moving average price is $210.72. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18. The stock has a market cap of $144.26 billion, a P/E ratio of 20.41, a P/E/G ratio of 1.23 and a beta of 1.14.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 EPS for the quarter, topping the consensus estimate of $3.13 by $0.75. Salesforce had a net margin of 18.73% and a return on equity of 16.70%. The firm had revenue of $11.13 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter last year, the firm earned $2.58 EPS. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. On average, equities analysts predict that Salesforce will post 9.72 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on CRM. Northland Securities dropped their target price on shares of Salesforce from $267.00 to $229.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 10th. Roth Mkm reaffirmed a “buy” rating and issued a $325.00 price target on shares of Salesforce in a report on Thursday. BTIG Research reaffirmed a “buy” rating and issued a $255.00 price target on shares of Salesforce in a report on Tuesday. Morgan Stanley lowered their price target on shares of Salesforce from $398.00 to $287.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 price target on shares of Salesforce in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $259.47.

Salesforce Company Profile

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.