SAP SE (NYSE:SAP) Announces Annual Dividend of $2.39

SAP SE (NYSE:SAPGet Free Report) announced an annual dividend on Wednesday, April 10th, Wall Street Journal reports. Stockholders of record on Friday, May 17th will be paid a dividend of 2.3852 per share by the software maker on Tuesday, May 28th. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from SAP’s previous annual dividend of $2.19.

SAP has raised its dividend by an average of 8.8% annually over the last three years and has raised its dividend every year for the last 1 years. SAP has a dividend payout ratio of 32.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect SAP to earn $5.99 per share next year, which means the company should continue to be able to cover its $2.23 annual dividend with an expected future payout ratio of 37.2%.

SAP Stock Performance

Shares of SAP stock opened at $185.67 on Friday. The stock’s fifty day simple moving average is $187.17 and its 200 day simple moving average is $161.78. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.18. SAP has a one year low of $126.40 and a one year high of $199.29.

SAP (NYSE:SAPGet Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The software maker reported $1.12 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.17). The company had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.98 billion. SAP had a net margin of 20.30% and a return on equity of 9.54%. On average, equities analysts anticipate that SAP will post 4.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SAP shares. The Goldman Sachs Group boosted their price objective on SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. StockNews.com raised SAP from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. KeyCorp initiated coverage on SAP in a research note on Thursday, March 21st. They issued an “overweight” rating on the stock. BMO Capital Markets increased their target price on SAP from $147.00 to $195.00 and gave the company a “market perform” rating in a research note on Thursday, January 25th. Finally, Jefferies Financial Group raised SAP from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $193.80.

Get Our Latest Stock Analysis on SAP

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC grew its stake in SAP by 7.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 835 shares of the software maker’s stock valued at $129,000 after purchasing an additional 56 shares in the last quarter. Rafferty Asset Management LLC grew its stake in SAP by 3.7% in the fourth quarter. Rafferty Asset Management LLC now owns 2,041 shares of the software maker’s stock valued at $316,000 after purchasing an additional 73 shares in the last quarter. 1832 Asset Management L.P. grew its stake in SAP by 0.8% in the first quarter. 1832 Asset Management L.P. now owns 10,780 shares of the software maker’s stock valued at $1,364,000 after purchasing an additional 89 shares in the last quarter. First Horizon Advisors Inc. grew its stake in SAP by 11.3% in the first quarter. First Horizon Advisors Inc. now owns 1,038 shares of the software maker’s stock valued at $131,000 after purchasing an additional 105 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position in shares of SAP by 35.7% in the third quarter. Harbour Investments Inc. now owns 418 shares of the software maker’s stock valued at $54,000 after buying an additional 110 shares during the last quarter.

About SAP

(Get Free Report)

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.

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Dividend History for SAP (NYSE:SAP)

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