QAD Inc. Declares Quarterly Dividend of $0.06 (QADB)

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QAD Inc. (NASDAQ:QADB) announced a quarterly dividend on Thursday, April 11th, Wall Street Journal reports. Stockholders of record on Tuesday, April 23rd will be paid a dividend of 0.06 per share by the software maker on Friday, May 3rd. This represents a $0.24 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Monday, April 22nd.

QAD has increased its dividend payment by an average of 10.1% per year over the last three years.

Shares of QADB opened at $32.15 on Wednesday. QAD has a fifty-two week low of $28.35 and a fifty-two week high of $49.40. The stock has a market cap of $618.19 million, a PE ratio of 63.00 and a beta of 1.19. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.61 and a quick ratio of 1.61.

QAD (NASDAQ:QADB) last announced its earnings results on Wednesday, March 20th. The software maker reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.17. QAD had a net margin of 3.13% and a return on equity of 8.46%. The business had revenue of $82.71 million during the quarter.

QADB has been the subject of a number of recent analyst reports. ValuEngine downgraded shares of QAD from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. TheStreet upgraded shares of QAD from a “c” rating to a “b-” rating in a research report on Thursday, March 21st.

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About QAD

QAD Inc provides enterprise software solutions for manufacturing companies in the automotive, life sciences, consumer products, food and beverage, high technology, and industrial products industries worldwide. The company offers QAD Enterprise Applications, an integrated suite of software applications, which support the core business processes.

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Dividend History for QAD (NASDAQ:QADB)

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