Magic Software Enterprises Ltd. Plans Dividend of $0.10 (MGIC)
Magic Software Enterprises (NASDAQ:MGIC) announced a dividend on Tuesday, August 12th, AmericanBankingNews.com reports. Stockholders of record on Tuesday, August 19th will be paid a dividend of 0.095 per share on Thursday, September 4th. The ex-dividend date is Friday, August 15th.
Shares of Magic Software Enterprises (NASDAQ:MGIC) opened at 7.11 on Tuesday. Magic Software Enterprises has a 52 week low of $5.75 and a 52 week high of $9.83. The stock has a 50-day moving average of $7.23 and a 200-day moving average of $7.94. The company has a market cap of $313.8 million and a price-to-earnings ratio of 15.20.
Magic Software Enterprises (NASDAQ:MGIC) last released its earnings data on Monday, August 11th. The company reported $0.11 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.11. The company had revenue of $40.60 million for the quarter, compared to the consensus estimate of $39.30 million. The company’s quarterly revenue was up 16.7% on a year-over-year basis. On average, analysts predict that Magic Software Enterprises will post $0.49 earnings per share for the current fiscal year.
Magic Software Enterprises Ltd., incorporated in February 1983, develops, markets, sells and supports an application platform and business and process integration solutions, and offers information technology (NASDAQ:MGIC) professional services.
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