j2 Global, Inc. (JCOM) Plans Quarterly Dividend of $0.40
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.
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).
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