ePlus Boosts Quarterly Dividend 8% to 27 Cents
PLUS sits 40% above its 52-week low of $62.11.
Summary
ePlus announced an 8% increase in its quarterly dividend, raising it to $0.27 per share. This follows the company's strong Q4 and full fiscal year financial results reported earlier today, with the 10-K filing mentioning a new quarterly dividend. The dividend increase signals management's confidence in the company's financial health and its ability to generate consistent cash flow, rewarding shareholders.
At the time of this announcement, PLUS was trading at $87.23 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.3B. The 52-week trading range was $62.11 to $93.98. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.