Salesforce, Inc. (CRM): Dividend Overview and Financial Metrics
Salesforce, Inc. (NYSE: CRM) is a prominent player in the technology sector, particularly known for its innovative customer relationship management (CRM) solutions. As of now, the company’s stock is priced at $361.38, reflecting a decrease of $6.49 or 1.76%. With a substantial market capitalization of approximately $345.84 billion, Salesforce continues to attract attention from independent investors, financial advisors, and traders alike.
Dividend Information
Salesforce offers a modest dividend yield of 0.44%. This translates to an annual dividend payout of $1.60 per share, meaning that for every $100 invested, shareholders can expect to receive $0.44 annually. The company’s payout ratio stands at 19.44%, suggesting that a small portion of its earnings is distributed as dividends. This low ratio indicates a solid financial position, allowing Salesforce to reinvest a significant amount of its profits into growth opportunities.
Upcoming Dividend Details
- Ex-Dividend Date: September 18, 2024 – Investors purchasing shares on or after this date will not qualify for the upcoming dividend payment.
- Dividend Payment Frequency: Quarterly.
- Next Dividend Payment: To be announced.
Understanding Dividend Safety
Dividend safety is a crucial metric that assesses a company’s ability to maintain its dividend payments. Salesforce’s relatively low payout ratio of 19.44% is a positive indicator, suggesting the company generates sufficient earnings to cover its dividend obligations while retaining enough funds for reinvestment. However, it’s essential for investors to monitor the company’s financial performance regularly to ensure continued stability.
Comparative Analysis
When compared to others in its sector and across various markets, Salesforce’s dividend yield of 0.44% positions it favorably. For instance, its yield is higher than 9% of companies in its country and exceeds 21% of its sector peers. This comparative insight can help investors gauge Salesforce’s relative performance in terms of dividend distribution.
Frequently Asked Questions
Does Salesforce, Inc. pay dividends?
Yes, Salesforce, Inc. consistently pays dividends to its shareholders.
What is Salesforce, Inc.’s dividend amount?
The current quarterly dividend per share is $0.40, effective as of October 8, 2024.
When is the ex-dividend date for Salesforce, Inc.?
The most recent ex-dividend date was September 18, 2024, with the last dividend payment made on October 8, 2024.
Does Salesforce have enough earnings to cover its dividends?
With a payout ratio of 19.44%, Salesforce appears to have sufficient earnings to support its dividend distributions while still investing in business growth.
As Salesforce continues to develop its offerings and explore new market opportunities, investors are encouraged to stay informed about the company’s financial health and dividend policies. This understanding can help in making well-informed investment decisions.
