American Software Trading 4.7% Higher After Dividend Announcement (AMSWA)
American Software (NASDAQ:AMSWA) shares traded up 4.7% during mid-day trading on Thursday after the company announced a dividend, AnalystRatings.NET reports. The company traded as high as $9.38 and last traded at $9.32, with a volume of 180,972 shares trading hands. The stock had previously closed at $8.90.
The newly announced dividend is scheduled for Friday, December 5th. Stockholders of record on Friday, November 14th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 4.51%.
The stock’s 50-day moving average is $9.53 and its 200-day moving average is $9.81. The company has a market cap of $262.5 million and a price-to-earnings ratio of 24.05.
American Software (NASDAQ:AMSWA) last announced its earnings results on Wednesday, June 25th. The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.01. The company had revenue of $25.90 million for the quarter, compared to the consensus estimate of $26.56 million. Analysts expect that American Software will post $0.41 EPS for the current fiscal year.
American Software, Inc (NASDAQ:AMSWA) develops, markets and supports a portfolio of software and services.
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