Constellation Software Inc. (TSE:CSU) Increases Dividend to $1.34 Per Share

Constellation Software Inc. (TSE:CSU) declared a quarterly dividend on Thursday, August 6th, Zacks reports. Stockholders of record on Friday, September 18th will be paid a dividend of 1.341 per share on Friday, October 9th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date is Thursday, September 17th. This is an increase from Constellation Software’s previous quarterly dividend of $1.00.

Shares of Constellation Software stock opened at C$1,508.19 on Tuesday. The company’s fifty day simple moving average is C$1,533.93 and its two-hundred day simple moving average is C$1,452.57. The firm has a market cap of $31.96 billion and a PE ratio of 94.28. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 91.94. Constellation Software has a 12-month low of C$1,076.34 and a 12-month high of C$1,637.22.

Constellation Software (TSE:CSU) last announced its earnings results on Thursday, August 6th. The company reported C$17.38 EPS for the quarter, beating analysts’ consensus estimates of C$10.91 by C$6.47. The business had revenue of C$1.28 billion for the quarter, compared to the consensus estimate of C$1.28 billion. As a group, sell-side analysts expect that Constellation Software will post 41.8269193 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on CSU shares. National Bank Financial lifted their price target on shares of Constellation Software from C$1,400.00 to C$1,600.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. CIBC increased their target price on Constellation Software from C$1,550.00 to C$1,750.00 in a research note on Monday, June 15th. Pi Financial cut shares of Constellation Software from a “buy” rating to a “neutral” rating and decreased their target price for the stock from C$1,758.00 to C$1,674.00 in a report on Monday, August 10th. Raymond James set a C$1,500.00 price objective on Constellation Software and gave the company a “market perform” rating in a research report on Friday, August 7th. Finally, BMO Capital Markets lifted their target price on shares of Constellation Software from C$1,700.00 to C$1,800.00 in a research report on Friday, August 7th.

Constellation Software Company Profile

Constellation Software Inc, together with its subsidiaries, engages in the development, installation, and customization of software to various markets in the United States, Canada, the United Kingdom, Europe, and internationally. It operates through two segments, Public Sector and Private Sector. The Public Sector segment develops and distributes software solutions primarily to government and government-related customers.

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Dividend History for Constellation Software (TSE:CSU)

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