Roper Technologies, Inc. (NASDAQ:ROP – Get Free Report) declared a quarterly dividend on Thursday, August 6th. Stockholders of record on Friday, October 2nd will be paid a dividend of 0.91 per share by the industrial products company on Wednesday, October 21st. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, October 2nd.
Roper Technologies has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Roper Technologies has a dividend payout ratio of 16.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Roper Technologies to earn $24.29 per share next year, which means the company should continue to be able to cover its $3.64 annual dividend with an expected future payout ratio of 15.0%.
Roper Technologies Stock Up 1.3%
Shares of ROP opened at $402.25 on Friday. The stock’s 50-day moving average price is $354.11 and its two-hundred day moving average price is $351.97. Roper Technologies has a 12 month low of $305.96 and a 12 month high of $544.94. The company has a market capitalization of $39.78 billion, a PE ratio of 16.66, a PEG ratio of 1.79 and a beta of 0.74. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 0.57.
Roper Technologies Company Profile
Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.
Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.
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