j2 Global, Inc. (NASDAQ:JCOM) declared a quarterly dividend on Thursday, November 2nd, RTT News reports. Investors of record on Friday, November 17th will be paid a dividend of 0.395 per share by the technology company on Tuesday, December 5th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 2.13%. This is a positive change from j2 Global’s previous quarterly dividend of $0.39.

j2 Global (NASDAQ:JCOM) last announced its earnings results on Thursday, August 3rd. The technology company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.06). j2 Global had a return on equity of 26.62% and a net margin of 14.74%. The business had revenue of $273.20 million for the quarter, compared to analyst estimates of $271.89 million. During the same period last year, the firm earned $1.21 EPS. The company’s revenue for the quarter was up 29.0% compared to the same quarter last year.

Several equities research analysts have issued reports on JCOM shares. Robert W. Baird reaffirmed a “buy” rating and set a $94.00 target price on shares of j2 Global in a research note on Friday, September 1st. ValuEngine raised shares of j2 Global from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Zacks Investment Research raised shares of j2 Global from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub cut shares of j2 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Citigroup Inc. lowered their target price on shares of j2 Global from $89.00 to $88.00 and set a “neutral” rating on the stock in a research note on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $101.75.

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About j2 Global

j2 Global, Inc is a provider of services delivered through the Internet. The Company provides cloud services to businesses of all sizes, from individuals to enterprises. The Company operates in two segments: Business Cloud Services and Digital Media. The Company’s Digital Media business segment consists of the Web properties and business operations of Ziff Davis, Inc (Ziff Davis).

Dividend History for j2 Global (NASDAQ:JCOM)

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