Dividend Coverage: This Services Stock has a Dividend Yield of 1.87%; Will Trade Ex-Dividend on September 05, 2017

LONDON, UK / ACCESSWIRE / September 1, 2017 / Pro-Trader Daily takes a closer look at Forrester Research, Inc. (NASDAQ: FORR) (“Forrester”) as the Company’s stock will begin trading ex-dividend on September 07, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on September 01, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Today, PRO-TD covers ex-dividend news on FORR. Get our free coverage by signing up at:

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Dividend Declared

On July 26, 2017, Forrester announced that its Board of Directors has approved a quarterly cash dividend of $0.19 per share, payable September 20, 2017, to shareholders of record on September 06, 2017.

Forrester’s indicated dividend represents a yield of 1.87% compared to the average dividend yield of 2.08% for the Services sector. Forrester has increased its payout for once year.

Dividend Insights

Forrester has a dividend payout ratio of 83.5%, which means that the Company distributes approximately $0.84 for every $1.00 earned. The dividend payout ratio reflects how much money a Company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Forrester is forecasted to report earnings of $1.34 for the next year which is substantially above its annualized dividend of $0.76.

Forrester’s cash generated by operations in the quarter ended June 30, 2017, was $26.89 million compared to $31.46 million. As of June 30, 2017, Forrester’s cash and cash equivalents totaled $125.24 million. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Recent Development for Forrester

On August 23, 2017, Forrester announced it will host its first-ever emerging Technology Forum 2017 in Boston on December 06, 2017, a new event that will highlight key trends, concepts, and technologies that will shape the digital enterprise in 2018.

The Forum will explore four key trends in emerging digital technology that Forrester predicts will drive disruption and growth in 2018. Technologies covered will include the revolutionary impact of distributed systems such as blockchain; the re-invention of customer experience by ambient, conversation-driven user interfaces; and the proliferation of autonomous objects born at the intersection of AI and IoT. The Forum will also showcase a select group of innovative companies whose technologies will set the pace in the New Year.

About Forrester

Forrester is one of the most influential research and advisory firms in the world. The Company works with business and technology leaders to develop customer-obsessed strategies that drive growth. Forrester’s unique insights are grounded in annual surveys of more than 675,000 consumers and business leaders worldwide, rigorous, and objective methodologies, and the shared wisdom of its most innovative clients.

Stock Performance

At the closing bell, on Thursday, August 31, 2017, Forrester Research’s stock ended the trading session flat at $40.75. A total volume of 69.73 thousand shares have exchanged hands, which was higher than the 3-month average volume of 44.89 thousand shares. The Company’s stock price rallied 3.95% in the last three months and 10.43% in the past six months. The stock is trading at a PE ratio of 41.58 and has a dividend yield of 1.87%. The stock currently has a market cap of $720.87 million.

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