©Reuters.
OKLAHOMA CITY – Paycom (NYSE:) Software, Inc. (NYSE:PAYC), a provider of cloud-based human capital management software, has announced an upcoming cash dividend to shareholders. The Company's Board of Directors has declared a dividend of $0.37 per common share, payable on March 18, 2024.
Stockholders of record will be eligible to receive dividends by the close of business on March 4, 2024.
For more than 20 years, Paycom has been at the forefront of the human capital management industry, offering a suite of tools designed to simplify HR and payroll processes. The company's software solutions aim to increase transparency and efficiency within companies by giving employees direct access to data.
The company's innovative approach includes Beti®, a solution that allows employees to manage their own payroll, allowing them to identify and correct errors before submitting payroll . Paycom's comprehensive software suite includes features ranging from onboarding and benefits enrollment to talent management, all accessible through a single application.
Investment Pro Insights
Paycom Software, Inc. (NYSE:PAYC) continues to demonstrate its financial health and commitment to shareholder value, as evidenced by its recent dividend announcement. To provide additional context to this news, here are some important InvestingPro Insights that may be of interest to investors.
The company has a high market capitalization of $11.22 billion and has a significant presence in the industry. Paycom has a P/E ratio of 32.82 and an adjusted P/E ratio of 33.08 for the trailing twelve months as of Q3 2023, giving it a valuation that looks attractive to investors along with its growth prospects. Notably, the company has achieved significant revenue growth of 26.37% over the trailing twelve months to Q3 2023, indicating a solid upward trajectory in financial performance.
InvestingPro Tips highlights that Paycom has more cash than debt on its balance sheet, suggesting that its liquidity is solid. Additionally, analysts are forecasting sales growth for the current fiscal year, which could portend continued financial health and potential for increased shareholder returns. It is also worth mentioning that Paycom achieved an impressive gross profit margin of 87.06% during the same period, reflecting efficient operations and strong pricing power.
If you're interested in exploring more in-depth analysis and additional InvestingPro tips, purchase a subscription to InvestingPro for comprehensive insights. We're currently running a special New Year sale where you can save up to 50% on your subscription.Use coupon code to avail this offer SFY24 Get an extra 10% off a 2-year InvestingPro+ subscription, or SFY241 Get an extra 10% off your 1-year subscription. Thirteen additional InvestingPro tips are available at Paycom, giving investors a more nuanced understanding of a company's financial outlook and investment potential.
This article was generated with the help of AI and reviewed by an editor. Please see our Terms of Use for more information.
