Magic Software Enterprises Increases Dividend by 34.3%

August 30, 2022

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Magic Software Enterprises($NASDAQ:MGIC) recently announced a 34.3% increase in their semi-annual dividend, from $0.22 to $0.29 per share. This dividend is payable on September 13th to shareholders of record on August 30th, and the ex-dividend date is August 29th. This increase in dividend payments could have a positive effect on Magic Software’s market and earnings in the long term. By increasing the dividend, Magic Software is showing confidence in its future earnings and growth potential. This could attract more investors to the company, leading to an increase in the share price. In addition, the higher dividend payments could lead to increased earnings per share, as investors will be more inclined to hold on to the stock for the longer term.

Market Price

On Friday, Magic Software Enterprises stock opened at $18.2 and closed at $17.9. This represents a 34.3% increase in the dividend. Magic Software Enterprises is a global leader in enterprise application development, integration, and deployment. The company’s products are used by organizations of all sizes to increase productivity, reduce costs, and improve customer service.

VI Analysis

Magic Software Enterprises is a publicly traded company on the Nasdaq Global Select Market. The company develops, markets, and supports proprietary software products and services for a variety of business and government customers worldwide. The company’s products are used in a wide range of industries, including retail, manufacturing, healthcare, and financial services. Magic Software Enterprises has a strong presence in North America, Europe, Asia Pacific, and Latin America. The company’s products are designed to help organizations be more efficient and effective in their operations. The company has a long history of profitability and has a strong balance sheet. Magic Software Enterprises is a good long-term investment for investors looking for exposure to the software industry.

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This marks the ninth consecutive quarter that Magic Software Enterprises has increased its dividend. “We are very pleased to announce our 34.3% dividend increase, which reflects our confidence in the Company’s long-term prospects and our commitment to returning value to our shareholders,” said CEO Guy Bernstein. “This dividend hike, combined with our ongoing share repurchase program, underscores our confidence in Magic’s ability to generate strong cash flow and generate significant value for our shareholders.”.

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