Formula Systems (1985) Ltd. (NASDAQ:FORTY) declared a semiannual dividend on Thursday, September 21st, Wall Street Journal reports. Investors of record on Tuesday, October 17th will be given a dividend of 0.34 per share by the technology company on Thursday, November 2nd. This represents a yield of 1.62%. The ex-dividend date is Monday, October 16th.
Formula Systems (FORTY) opened at 41.30 on Wednesday. The company has a market cap of $592.16 million, a price-to-earnings ratio of 51.24 and a beta of 0.74. The company’s 50-day moving average price is $40.35 and its 200-day moving average price is $39.54. Formula Systems has a 52-week low of $35.52 and a 52-week high of $44.20.
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Formula Systems (1985) Company Profile
Formula Systems (1985) Ltd. (Formula) is a global information technology (IT) solutions and services holding company. The Company, through its directly held subsidiary and affiliated companies, is engaged in providing software solutions and services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.
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