The Sage Group plc (LON:SGE) Announces Dividend Increase – GBX 13.50 Per Share

The Sage Group plc (LON:SGE) declared a dividend on Wednesday, November 20th,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, January 9th will be given a dividend of GBX 13.50 ($0.17) per share on Tuesday, February 11th. This represents a dividend yield of 1.25%. The ex-dividend date is Thursday, January 9th. This is a boost from The Sage Group’s previous dividend of $6.95. The official announcement can be seen at this link.

The Sage Group Price Performance

SGE opened at GBX 1,269 ($16.06) on Thursday. The Sage Group has a 52-week low of GBX 954.20 ($12.07) and a 52-week high of GBX 1,320 ($16.70). The stock has a market cap of £12.64 billion, a P/E ratio of 4,882.69, a PEG ratio of 1.22 and a beta of 0.53. The business has a fifty day moving average of GBX 1,018.27 and a 200 day moving average of GBX 1,049.92. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 115.72.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their target price on shares of The Sage Group from GBX 1,300 ($16.45) to GBX 1,250 ($15.82) and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, The Sage Group has a consensus rating of “Moderate Buy” and an average target price of GBX 1,173 ($14.84).

About The Sage Group

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.