Micro Focus International PLC – (NYSE:MFGP) Plans $0.56 Semi-Annual Dividend

Micro Focus International PLC – (NYSE:MFGP) declared a Semi-Annual dividend on Wednesday, July 10th, Zacks reports. Shareholders of record on Friday, September 6th will be given a dividend of 0.562 per share on Monday, October 7th. The ex-dividend date of this dividend is Thursday, September 5th.

Micro Focus International has a dividend payout ratio of 26.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Micro Focus International to earn $3.23 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 17.3%.

MFGP stock opened at $21.64 on Friday. The business’s 50-day moving average price is $25.08. Micro Focus International has a 1 year low of $14.73 and a 1 year high of $27.32.

A number of research firms have issued reports on MFGP. Citigroup set a $20.00 target price on Compania de Minas Buenaventura SAA and gave the stock a “buy” rating in a report on Thursday, April 4th. Barclays set a $14.00 price objective on Vale and gave the company a “buy” rating in a report on Friday, April 12th. Finally, Zacks Investment Research cut Gold Resource from a “hold” rating to a “sell” rating in a report on Friday, June 21st. Four investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company currently has a consensus rating of “Sell” and an average price target of $26.19.

Micro Focus International Company Profile

Micro Focus International plc, an infrastructure software company, develops, sells, and supports software products and solutions to small and medium size enterprises. The company offers infrastructure software products that are managed on an investment portfolio. Its product portfolio includes application modernization and connectivity, application delivery management, and IT operations management, as well as security, information management, and Governance.

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