RingCentral, Inc. (NYSE:RNG) to Issue Quarterly Dividend of $0.12

RingCentral, Inc. (NYSE:RNG) announced a quarterly dividend on Thursday, October 22nd. Investors of record on Friday, November 6th will be given a dividend of $0.1250 per share by the software maker on Friday, November 20th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, November 6th.

RingCentral Trading Down 4.0%

Shares of NYSE RNG opened at $79.11 on Friday. RingCentral has a 12 month low of $24.14 and a 12 month high of $83.71. The company has a 50 day simple moving average of $73.63 and a two-hundred day simple moving average of $54.03. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 63.29, a PEG ratio of 1.43 and a beta of 1.10.

RingCentral (NYSE:RNG) last posted its earnings results on Thursday, October 22nd. The software maker reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. The company had revenue of $676.04 million during the quarter, compared to the consensus estimate of $667.30 million. RingCentral had a net margin of 4.27% and a negative return on equity of 34.49%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.13 earnings per share. Analysts forecast that RingCentral will post 2.89 EPS for the current year.

About RingCentral

RingCentral, Inc is a provider of cloud-based business communications and collaboration solutions. Its platform enables organizations to manage business phone services, team messaging, video meetings, contact center operations and other communications through internet-based applications rather than traditional on-premises systems.

The company’s offerings include RingEX, a unified communications platform that combines voice, messaging and video; RingCentral Video for online meetings and collaboration; and RingCX, a cloud contact center solution.