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

QAD Inc. (NASDAQ:QADB) declared a quarterly dividend on Thursday, April 11th, Wall Street Journal reports. Stockholders of record on Tuesday, April 23rd will be given a dividend of 0.06 per share by the software maker on Friday, May 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Monday, April 22nd.

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

Shares of QADB traded up $0.86 during midday trading on Thursday, reaching $33.86. The stock had a trading volume of 90 shares, compared to its average volume of 1,602. QAD has a 12-month low of $28.35 and a 12-month high of $49.40. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $651.55 million, a P/E ratio of 66.68 and a beta of 1.18.

QAD (NASDAQ:QADB) last posted its quarterly earnings data on Wednesday, March 20th. The software maker reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.17. QAD had a return on equity of 8.32% and a net margin of 3.13%. The firm had revenue of $82.71 million during the quarter.

A number of research firms have recently weighed in on QADB. TheStreet raised QAD from a “c” rating to a “b-” rating in a research note on Thursday, March 21st. ValuEngine lowered QAD from a “buy” rating to a “hold” rating in a research note on Monday, February 4th.

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QAD Company Profile

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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