Forrester Research, Inc. (FORR) to Issue Quarterly Dividend of $0.20

Forrester Research, Inc. (NASDAQ:FORR) declared a quarterly dividend on Monday, July 30th, Wall Street Journal reports. Stockholders of record on Wednesday, September 12th will be given a dividend of 0.20 per share by the technology company on Wednesday, September 26th. This represents a $0.80 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Tuesday, September 11th.

Forrester Research has raised its dividend by an average of 5.9% per year over the last three years and has increased its dividend every year for the last 2 years. Forrester Research has a payout ratio of 76.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Forrester Research to earn $1.27 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 63.0%.

Forrester Research traded up $1.75, reaching $46.30, on Monday, according to 78,406 shares of the company traded hands, compared to its average volume of 45,060. Forrester Research has a 52-week low of $36.95 and a 52-week high of $47.75. The company has a market capitalization of $801.19 million, a PE ratio of 55.66, a PEG ratio of 3.54 and a beta of 0.37.

Forrester Research (NASDAQ:FORR) last announced its quarterly earnings data on Friday, July 27th. The technology company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.15. Forrester Research had a net margin of 3.51% and a return on equity of 8.69%. The firm had revenue of $96.35 million for the quarter, compared to the consensus estimate of $93.48 million. equities analysts predict that Forrester Research will post 1.05 earnings per share for the current year.

In related news, Director George Hornig sold 8,100 shares of the business’s stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $42.61, for a total transaction of $345,141.00. Following the transaction, the director now directly owns 8,861 shares of the company’s stock, valued at $377,567.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 43.50% of the company’s stock.

A number of research analysts recently commented on FORR shares. ValuEngine raised shares of Forrester Research from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. BidaskClub raised shares of Forrester Research from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. Barrington Research reaffirmed a “hold” rating on shares of Forrester Research in a research report on Tuesday, July 24th. Finally, Zacks Investment Research downgraded shares of Forrester Research from a “hold” rating to a “sell” rating in a research report on Thursday, May 3rd.

Forrester Research Company Profile

Forrester Research, Inc operates as an independent research, data, and advisory services company. It operates through Research, Product, and Project Consulting segments. Its primary syndicated research product is Research, which offers clients with access to its syndicated research designed to inform their strategic decision-making.

Read More: Price to Earnings Ratio (PE)

Dividend History for Forrester Research (NASDAQ:FORR)

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