Formula Systems (1985) Ltd. (NASDAQ:FORTY) will begin trading ex-dividend on September 2, 2020. The semi-annual dividend payment of $ 0.5205 per share is scheduled to be paid on September 16, 2020. The dividend yield based on the latest trading day closing price was 6.67 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Formula Systems (1985) Ltd. recently reported second quarter financial results on August 18, 2020, before market open, the Or Yehuda based company unfold income for the second quarter of $ 0.73 per share, from the revenue of $ 437.06 million. The quarterly earnings expanded 22.47 percent while revenues compared with the same quarter last year.
The consensus estimates are in revenue The bottom line results street analysts by $ 0.07 or , at the same time, top line results analysts by $ 0.23 million or .
Stock Performance
Shares of Formula Systems (1985) Ltd. traded low $ -0.12 or -0.13 percent on Friday, reaching $ 92.98 with volume of 0.20 thousand shares. Formula Systems (1985) Ltd. has traded high as $ 92.98 and has cracked $ 92.97 on the downward trend
According to the previous trading day, closing price of $ 92.98, representing a 153.33 % increase from the 52 week low of $ 36.75 and a 6.02 % decrease over the 52 week high of $ 99.06.
The company has a market capital of $ 1.41 billion and is part of the Technology sector and Information Technology Services industry.
Formula Systems (1985) Ltd., through its subsidiaries, provides software, proprietary and non-proprietary software, and software product marketing and support services. The company offers computer and telecommunication infrastructure solutions; computer solutions to computer and communications infrastructures; cloud computing solutions; database and big data services; customer relations management, computer systems management infrastructures, Web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools; and professional training courses and advanced professional studies. It also markets and sells computers and peripheral equipment to business customers.
