LogMeIn Inc (NASDAQ:LOGM) Plans Quarterly Dividend of $0.33

LogMeIn Inc (NASDAQ:LOGM) declared a quarterly dividend on Thursday, July 25th, NASDAQ reports. Investors of record on Wednesday, August 7th will be paid a dividend of 0.325 per share by the software maker on Friday, August 23rd. This represents a $1.30 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Tuesday, August 6th.

LogMeIn has a payout ratio of 31.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect LogMeIn to earn $3.73 per share next year, which means the company should continue to be able to cover its $1.30 annual dividend with an expected future payout ratio of 34.9%.

Shares of NASDAQ:LOGM opened at $73.62 on Monday. LogMeIn has a twelve month low of $68.00 and a twelve month high of $96.87. The stock has a 50 day simple moving average of $74.18. The company has a current ratio of 0.46, a quick ratio of 0.53 and a debt-to-equity ratio of 0.10. The firm has a market cap of $3.67 billion, a P/E ratio of 16.18, a PEG ratio of 3.67 and a beta of 1.01.

LogMeIn (NASDAQ:LOGM) last issued its quarterly earnings results on Thursday, July 25th. The software maker reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.05. LogMeIn had a net margin of 1.82% and a return on equity of 7.44%. The company had revenue of $313.10 million for the quarter, compared to the consensus estimate of $310.98 million. During the same quarter in the prior year, the company earned $1.32 EPS. LogMeIn’s quarterly revenue was up 2.4% on a year-over-year basis. On average, research analysts anticipate that LogMeIn will post 4.02 EPS for the current year.

In other news, Director Michael K. Simon sold 22,500 shares of LogMeIn stock in a transaction on Monday, May 20th. The stock was sold at an average price of $75.79, for a total transaction of $1,705,275.00. Following the transaction, the director now owns 504,753 shares in the company, valued at approximately $38,255,229.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is owned by insiders.

A number of brokerages have recently commented on LOGM. BidaskClub cut shares of LogMeIn from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. Robert W. Baird set a $85.00 target price on LogMeIn and gave the company a “hold” rating in a research report on Friday, July 26th. TheStreet lowered LogMeIn from a “b” rating to a “c” rating in a research report on Friday, April 26th. Northland Securities restated a “buy” rating on shares of LogMeIn in a report on Friday, July 26th. Finally, Barclays lowered LogMeIn from an “overweight” rating to an “underweight” rating and decreased their price objective for the company from $104.00 to $74.00 in a report on Friday, April 12th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $93.67.

LogMeIn Company Profile

LogMeIn, Inc provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions. It enables people to connect with each other worldwide to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses.

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Dividend History for LogMeIn (NASDAQ:LOGM)

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