AudioCodes Ltd. (NASDAQ:AUDC – Get Free Report) announced a Semi-Annual dividend on Tuesday, July 30th, Zacks reports. Investors of record on Thursday, August 15th will be paid a dividend of 0.18 per share by the communications equipment provider on Thursday, August 29th. The ex-dividend date of this dividend is Thursday, August 15th.
AudioCodes has raised its dividend by an average of 10.1% annually over the last three years. AudioCodes has a payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect AudioCodes to earn $0.85 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 42.4%.
AudioCodes Stock Performance
Shares of AudioCodes stock opened at $11.14 on Wednesday. The stock has a market capitalization of $337.76 million, a PE ratio of 30.67 and a beta of 0.88. AudioCodes has a 52 week low of $7.14 and a 52 week high of $14.45. The stock has a 50 day moving average price of $10.39 and a two-hundred day moving average price of $11.52.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on AUDC. Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 price target on shares of AudioCodes in a research report on Wednesday. StockNews.com upgraded AudioCodes from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 30th. Finally, Barclays decreased their price target on AudioCodes from $12.00 to $10.00 and set an “underweight” rating for the company in a report on Wednesday, May 8th.
Read Our Latest Report on AUDC
AudioCodes Company Profile
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.
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