TransAct Technologies Incorporated (NASDAQ:TACT) declared a quarterly dividend on Friday, August 2nd, NASDAQ reports. Stockholders of record on Tuesday, August 20th will be given a dividend of 0.09 per share by the technology company on Monday, September 16th. This represents a $0.36 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Monday, August 19th.
TransAct Technologies has increased its dividend payment by an average of 4.0% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. TransAct Technologies has a dividend payout ratio of 55.4% meaning its dividend is sufficiently covered by earnings.
TACT opened at $12.00 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.89 and a current ratio of 3.52. TransAct Technologies has a 52-week low of $8.40 and a 52-week high of $15.95. The stock has a market capitalization of $87.40 million, a PE ratio of 20.53 and a beta of 1.07. The stock’s 50 day moving average price is $12.01 and its 200-day moving average price is $10.17.
In other news, Director John Dillon purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were bought at an average cost of $12.00 per share, for a total transaction of $60,000.00. Following the completion of the transaction, the director now directly owns 40,490 shares of the company’s stock, valued at approximately $485,880. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.53% of the company’s stock.
Separately, ValuEngine upgraded TransAct Technologies from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd.
About TransAct Technologies
TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal and inkjet printers and terminals to generate labels, coupons, and transaction records, such as receipts, tickets, and other documents, as well as printed logging and plotting of data.
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