Citrix Systems, Inc. (CTXS) to Issue Quarterly Dividend of $0.35 on March 20th

Citrix Systems, Inc. (NASDAQ:CTXS) declared a quarterly dividend on Friday, January 24th, Wall Street Journal reports. Stockholders of record on Friday, March 6th will be paid a dividend of 0.35 per share by the cloud computing company on Friday, March 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, March 5th.

Citrix Systems has a payout ratio of 24.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Citrix Systems to earn $4.07 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 34.4%.

Shares of Citrix Systems stock opened at $128.26 on Friday. Citrix Systems has a 52-week low of $90.28 and a 52-week high of $130.55. The stock has a market capitalization of $16.70 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 5.37 and a beta of 1.04. The company has a fifty day moving average of $113.12 and a 200-day moving average of $103.45. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.73 and a current ratio of 0.74.

Citrix Systems (NASDAQ:CTXS) last announced its quarterly earnings data on Wednesday, January 22nd. The cloud computing company reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.54. Citrix Systems had a net margin of 22.65% and a return on equity of 93.09%. The company had revenue of $810.00 million during the quarter, compared to analysts’ expectations of $802.53 million. During the same quarter in the prior year, the company earned $1.67 EPS. The firm’s revenue was up 1.0% on a year-over-year basis. On average, equities research analysts forecast that Citrix Systems will post 3.65 earnings per share for the current fiscal year.

In related news, CEO David J. Henshall sold 6,355 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $109.07, for a total value of $693,139.85. Following the completion of the transaction, the chief executive officer now directly owns 339,156 shares in the company, valued at approximately $36,991,744.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David J. Henshall sold 4,250 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $112.48, for a total transaction of $478,040.00. Following the completion of the transaction, the chief executive officer now owns 334,906 shares of the company’s stock, valued at $37,670,226.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,943 shares of company stock valued at $3,863,160. 0.54% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on CTXS. BidaskClub raised shares of Citrix Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday. ValuEngine cut shares of Citrix Systems from a “buy” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Co upped their price objective on shares of Citrix Systems from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday. Morgan Stanley upped their price objective on shares of Citrix Systems from $110.00 to $113.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, Deutsche Bank upped their price objective on shares of Citrix Systems from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $121.44.

About Citrix Systems

Citrix Systems, Inc provides workspace, networking, and analytics solutions worldwide. The company offers workspace services, including Citrix Virtual Apps and Desktops, a cloud-enabled app and desktop virtualization solution that gives customers the flexibility to deliver desktops and applications as a service from cloud and on-premises datacenters; and Citrix Virtual Apps that allows Windows and Linux applications to be remotely delivered to Macs, PCs, thin clients, and Android/iOS mobile devices from any cloud, on-premises datacenter, or both.

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Dividend History for Citrix Systems (NASDAQ:CTXS)

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