AudioCodes Ltd. (NASDAQ:AUDC) Plans $0.20 Half year 25 Dividend

AudioCodes Ltd. (NASDAQ:AUDC) declared a half year 25 dividend on Tuesday, July 29th, RTT News reports. Shareholders of record on Thursday, August 14th will be paid a dividend of 0.20 per share by the communications equipment provider on Thursday, August 28th. This represents a dividend yield of 350.0%. The ex-dividend date is Thursday, August 14th.

AudioCodes has a dividend payout ratio of 46.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect AudioCodes to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 40.0%.

AudioCodes Stock Performance

Shares of AUDC stock opened at $9.83 on Tuesday. The stock’s 50-day moving average is $9.73 and its two-hundred day moving average is $9.83. The firm has a market cap of $291.75 million, a price-to-earnings ratio of 21.84 and a beta of 0.86. AudioCodes has a 1 year low of $7.70 and a 1 year high of $12.72.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AUDC. Wall Street Zen downgraded shares of AudioCodes from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Needham & Company LLC reiterated a “buy” rating and set a $12.50 target price on shares of AudioCodes in a research note on Wednesday, May 7th.

About AudioCodes

AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplace worldwide. The company offers solutions, products, and services for unified communications, contact centers, hosted business services, Voice.AI, and service provider businesses. Its products include session border controllers, life cycle management solutions, VoIP network routing solutions, media gateways and servers, multi-service business routers, IP phones solutions, and value-added applications, as well as professional services.