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American Software sets quarterly dividend at 11 cents a share

EditorBrando Bricchi
Published 05/30/2024, 01:08 PM
AMSWA
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ATLANTA - American Software , Inc. (NASDAQ: NASDAQ:AMSWA), a provider of AI-first supply chain management solutions, has declared a quarterly dividend of $0.11 per share. The dividend is scheduled to be paid on or about August 30, 2024, to shareholders on record as of the close of business on August 16, 2024.

The Atlanta-based company, through Logility, its operating entity, offers a suite of demand, inventory, manufacturing, and supply planning tools. Logility aims to shift supply chain planning from traditional reactive processes to proactive, AI-driven strategies. The integrated platform is designed to enable quicker responses and transform supply chains into growth engines.

American Software, with a customer base of over 650 clients across 80 countries, partners with notable brands such as Reynolds Consumer Products (NASDAQ:REYN), Denso, Sandvik, and Ansell. The company emphasizes the importance of sustainable digital supply chains that not only support business objectives but also contribute positively to society and the environment.

The announcement of the dividend comes amidst a business landscape still marked by economic uncertainty. American Software has cautioned that a number of factors, including market volatility and competitive pressures, could influence its performance and the effectiveness of its strategic alliances. The company also notes the inherent risks associated with new product development and technological advancements.

Investors are advised to consider the company's forward-looking statements with the understanding that actual results could differ materially due to various risks and uncertainties. These risks are detailed in the company's filings with the Securities and Exchange Commission, including its most recent Form 10-K.

This dividend declaration reflects American Software's ongoing commitment to return value to its shareholders and is based on the company's financial policies and performance. The information provided is based on a press release statement from American Software, Inc.

InvestingPro Insights

As American Software, Inc. (NASDAQ: AMSWA) announces its latest dividend, investors may find insights from InvestingPro particularly valuable in evaluating the company's financial health and market position. With a market capitalization of $342.83 million, American Software is trading at a P/E ratio of 28.7, which suggests a premium valuation relative to its earnings. Notably, the company has a higher adjusted P/E ratio of 39.73 for the last twelve months as of Q3 2024, indicating that investors are willing to pay more for each dollar of AMSWA's earnings.

An InvestingPro Tip highlights that AMSWA holds more cash than debt on its balance sheet, which could provide a cushion against market volatility and economic uncertainty. Additionally, the company has maintained dividend payments for 22 consecutive years, demonstrating a commitment to shareholder returns. This consistency in dividend payments is complemented by a high shareholder yield, which may be attractive to income-focused investors.

The company's revenue for the last twelve months as of Q3 2024 stands at $119.3 million, with a gross profit margin of 58.82%, underscoring its ability to maintain profitability. However, analysts anticipate a sales decline in the current year, which could be a point of concern for potential growth. Despite this, the company's dividend yield as of May 2024 is at a robust 4.24%, which may continue to draw investor interest.

For investors seeking deeper insights, there are additional InvestingPro Tips available at https://www.investing.com/pro/AMSWA, which could provide further guidance on the stock's potential. To access these insights, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With a total of 11 InvestingPro Tips listed, investors can gain a comprehensive understanding of American Software's financial outlook and strategic positioning.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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