SAP SE Declares Annual Dividend of $1.70 (SAP)

SAP SE (NYSE:SAP) announced an annual dividend on Wednesday, April 17th, Wall Street Journal reports. Investors of record on Friday, May 17th will be given a dividend of 1.6961 per share by the software maker on Tuesday, May 28th. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, May 16th.

SAP has raised its dividend payment by an average of 10.6% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. SAP has a payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect SAP to earn $5.34 per share next year, which means the company should continue to be able to cover its $1.22 annual dividend with an expected future payout ratio of 22.8%.

NYSE SAP opened at $124.37 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $153.45 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 2.76 and a beta of 1.06. SAP has a 1 year low of $94.81 and a 1 year high of $130.16.

SAP (NYSE:SAP) last posted its earnings results on Wednesday, April 24th. The software maker reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.01. The company had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.94 billion. SAP had a return on equity of 15.70% and a net margin of 12.81%. SAP’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period last year, the firm earned $0.73 earnings per share. As a group, analysts anticipate that SAP will post 4.56 EPS for the current fiscal year.

SAP has been the topic of several research reports. Royal Bank of Canada reaffirmed a “neutral” rating on shares of SAP in a research report on Friday, February 8th. DZ Bank reaffirmed a “buy” rating on shares of SAP in a research report on Thursday, May 2nd. Morgan Stanley reaffirmed a “neutral” rating on shares of SAP in a research report on Wednesday, April 3rd. Zacks Investment Research raised SAP from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a research report on Monday, February 4th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $135.00 price objective (up from $115.00) on shares of SAP in a research report on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $115.90.

An institutional investor recently raised its position in SAP stock. Geode Capital Management LLC grew its holdings in shares of SAP SE (NYSE:SAP) by 2.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 17,658 shares of the software maker’s stock after purchasing an additional 390 shares during the period. Geode Capital Management LLC’s holdings in SAP were worth $1,757,000 as of its most recent SEC filing. Institutional investors own 4.60% of the company’s stock.

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SAP Company Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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