SAP SE (NYSE:SAP) Increases Dividend to $2.66 Per Share

SAP SE (NYSE:SAPGet Rating) announced an annual dividend on Thursday, April 14th, Wall Street Journal reports. Stockholders of record on Friday, May 20th will be given a dividend of 2.66 per share by the software maker on Tuesday, May 31st. This represents a dividend yield of 1.9%. The ex-dividend date is Thursday, May 19th. This is a positive change from SAP’s previous annual dividend of $2.19.

SAP has a dividend payout ratio of 34.6% meaning its dividend is sufficiently covered by earnings. Analysts expect SAP to earn $4.00 per share next year, which means the company should continue to be able to cover its $2.26 annual dividend with an expected future payout ratio of 56.5%.

NYSE SAP opened at $103.89 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.24 and a quick ratio of 1.24. SAP has a 12 month low of $103.89 and a 12 month high of $151.48. The stock has a 50 day moving average of $112.92 and a 200-day moving average of $129.24.

SAP (NYSE:SAPGet Rating) last announced its quarterly earnings results on Thursday, January 27th. The software maker reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.07). SAP had a net margin of 18.90% and a return on equity of 15.57%. The business had revenue of $9.13 billion for the quarter, compared to analyst estimates of $9.13 billion. As a group, equities analysts expect that SAP will post 3.17 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in SAP. OLD Mission Capital LLC bought a new position in SAP in the third quarter valued at about $6,555,000. D. E. Shaw & Co. Inc. boosted its stake in shares of SAP by 1,912.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 44,161 shares of the software maker’s stock valued at $6,187,000 after purchasing an additional 41,967 shares in the last quarter. State Street Corp boosted its stake in shares of SAP by 16.7% during the fourth quarter. State Street Corp now owns 224,826 shares of the software maker’s stock valued at $31,500,000 after purchasing an additional 32,158 shares in the last quarter. Morgan Stanley boosted its stake in shares of SAP by 2.1% during the second quarter. Morgan Stanley now owns 478,867 shares of the software maker’s stock valued at $67,260,000 after purchasing an additional 9,654 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in shares of SAP in the fourth quarter worth approximately $1,047,000.

Several brokerages have issued reports on SAP. Oppenheimer downgraded SAP from an “outperform” rating to a “market perform” rating in a report on Thursday, January 20th. Cowen lowered their price objective on SAP from $145.00 to $136.00 and set a “market perform” rating on the stock in a research report on Friday, January 28th. StockNews.com initiated coverage on SAP in a research report on Thursday, March 31st. They set a “strong-buy” rating on the stock. Credit Suisse Group initiated coverage on SAP in a research report on Thursday, March 31st. They set an “outperform” rating on the stock. Finally, BMO Capital Markets increased their price objective on SAP from $150.00 to $155.00 in a research report on Wednesday, January 19th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $115.57.

SAP Company Profile (Get Rating)

SAP SE, together with its subsidiaries, operates as an enterprise application software company worldwide. The company operates through three segments: Applications, Technology & Support; Qualtrics; and Services. It offers SAP S/4HANA, an ERP suite with intelligent technologies, such as artificial intelligence, machine learning, and advanced analytics; SAP SuccessFactors Human Experience Management provides cloud-based solutions, such as a human resources management system for core HR and payroll, talent management, employee experience management, and people analytics; and intelligent spend management solutions, including products branded under the SAP Ariba, SAP Concur, and SAP Fieldglass names.

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Dividend History for SAP (NYSE:SAP)

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