J2 Global Inc (NASDAQ:JCOM) Raises Dividend to $0.41 Per Share

J2 Global Inc (NASDAQ:JCOM) declared a quarterly dividend on Tuesday, February 6th, RTT News reports. Shareholders of record on Thursday, February 22nd will be paid a dividend of 0.405 per share by the technology company on Friday, March 9th. This represents a $1.62 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Wednesday, February 21st. This is an increase from J2 Global’s previous quarterly dividend of $0.40.

J2 Global (NASDAQ:JCOM) traded down $0.80 during mid-day trading on Wednesday, hitting $83.13. 424,725 shares of the company traded hands, compared to its average volume of 345,552. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a market capitalization of $4,148.57, a PE ratio of 29.37, a P/E/G ratio of 1.90 and a beta of 0.94. J2 Global has a twelve month low of $70.27 and a twelve month high of $91.48.

J2 Global (NASDAQ:JCOM) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.79 EPS for the quarter, beating the Zacks’ consensus estimate of $1.70 by $0.09. J2 Global had a net margin of 12.47% and a return on equity of 26.82%. The company had revenue of $316.38 million for the quarter, compared to analyst estimates of $319.00 million. During the same quarter last year, the firm posted $1.49 earnings per share. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. analysts predict that J2 Global will post 5.55 EPS for the current fiscal year.

In other news, insider R Scott Turicchi sold 20,663 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $84.65, for a total transaction of $1,749,122.95. Following the completion of the sale, the insider now owns 246,395 shares in the company, valued at $20,857,336.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Vivek Shah sold 3,000 shares of J2 Global stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $77.63, for a total value of $232,890.00. Following the transaction, the chief executive officer now directly owns 748,232 shares in the company, valued at approximately $58,085,250.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,663 shares of company stock valued at $2,211,783. Corporate insiders own 5.15% of the company’s stock.

JCOM has been the topic of a number of recent research reports. BidaskClub upgraded shares of J2 Global from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. DA Davidson began coverage on J2 Global in a research report on Friday, February 2nd. They set a “buy” rating and a $95.00 price target for the company. ValuEngine downgraded J2 Global from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Robert W. Baird increased their price objective on J2 Global from $94.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, William Blair restated an “outperform” rating on shares of J2 Global in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. J2 Global presently has a consensus rating of “Buy” and a consensus price target of $99.50.

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About J2 Global

j2 Global, Inc is a provider of services delivered through the Internet. The Company provides cloud services to businesses of all sizes, from individuals to enterprises. The Company operates in two segments: Business Cloud Services and Digital Media. The Company’s Digital Media business segment consists of the Web properties and business operations of Ziff Davis, Inc (Ziff Davis).

Dividend History for J2 Global (NASDAQ:JCOM)

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