J2 Global Inc (JCOM) Announces Dividend Increase – $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 yield of 2.18%. The ex-dividend date of this dividend is Wednesday, February 21st. This is a positive change from J2 Global’s previous quarterly dividend of $0.40.

J2 Global (JCOM) traded up $1.06 during trading on Wednesday, hitting $74.33. The stock had a trading volume of 326,300 shares, compared to its average volume of 335,366. The firm has a market capitalization of $3,546.92, a P/E ratio of 26.27, a P/E/G ratio of 1.65 and a beta of 0.89. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.34 and a quick ratio of 2.79. J2 Global has a one year low of $70.27 and a one year high of $91.48.

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

In related news, CEO Vivek Shah sold 3,000 shares of J2 Global stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $77.63, for a total value of $232,890.00. Following the completion of the sale, the chief executive officer now owns 748,232 shares of the company’s stock, valued at approximately $58,085,250.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 5.15% of the company’s stock.

A number of equities analysts have issued reports on the company. William Blair restated an “outperform” rating on shares of J2 Global in a report on Wednesday, February 7th. Robert W. Baird increased their target price on J2 Global from $94.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Zacks Investment Research upgraded J2 Global from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. BidaskClub cut J2 Global from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, DA Davidson initiated coverage on J2 Global in a research note on Friday, February 2nd. They set a “buy” rating and a $95.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price 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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