|Bid||7.80 x 700|
|Ask||7.95 x 600|
|Day's Range||7.90 - 8.00|
|52 Week Range||6.51 - 8.70|
|PE Ratio (TTM)||28.47|
|Dividend & Yield||0.26 (3.25%)|
|1y Target Est||10.00|
Magic Software Enterprises Ltd. (MGIC), a global provider of software platforms for enterprise mobility, cloud applications, and business integration, announced today that in compliance with its dividend distribution policy, its Board of Directors has declared a semi-annual cash dividend in the amount of US $0.13 per share and in the aggregate amount of approximately US $5.9 million for the first half of 2017, reflecting 75% of its distributable profits. The dividend is payable on September 13, 2017 to all of the Company's shareholders of record at the close of the NASDAQ Global Select Market on August 29, 2017. In accordance with Israeli tax law, the dividend is subject to withholding tax at source at the rate of 30% (if the recipient of the dividend is at the time of distribution or was at any time during the preceding 12-month period the holder of 10% or more of the Company's share capital) or 25% (for all other dividend recipients) of the dividend amount payable to each shareholder of record, subject to applicable exemptions.
Magic Software Enterprises Ltd. (MGIC), a global provider of software platforms for enterprise mobility, cloud applications, and business integration, announced today that on August 9, 2017, the Company's Board of Directors decided to amend the Company's dividend distribution policy announced on September 5, 2012 (TASE reference number: 2012-02-230481). According to the Company's amended policy, each year the Company will distribute a dividend of up to 75% of its annual distributable profits. The Company's Board of Directors may at its discretion and at any time, change, whether as a result of a one-time decision or a change in policy, the rate of dividend distributions and/or decide not to distribute a dividend, all at its discretion.
Categories: ETFs Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Magic Software Enterprises Ltd.. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bullish Closing Price above/below 200 Day Moving Average ... Read more (Read more...)