Paycom Software, Inc. (NYSE:PAYC) has announced a quarterly cash dividend of $0.375 per share of common stock. The dividend will be paid on March 18, 2024, to stockholders of record as of March 4, 2024.
"Paycom continues to deliver value to our shareholders through the declaration of a quarterly cash dividend," said management. "This action underscores our commitment to returning capital to our shareholders while maintaining the strength of our balance sheet and the flexibility to invest in future growth."
Paycom Software, Inc., a leading provider of comprehensive, cloud-based human capital management software, has been simplifying businesses and the lives of their employees for 25 years. The company's software streamlines processes, drives efficiencies, and gives employees power over their HR information, all in a single app.
"We are proud of our industry-first solution, Beti®, which empowers employees to do their own payroll and find and fix costly errors before payroll submission," said management. "We are dedicated to serving businesses of all sizes in the U.S. and internationally, and we remain focused on driving innovation and delivering exceptional service to our clients."
The company's shares have moved 1.7% and are now trading at a price of $197.54.
The company's full 8-K submission is available here.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (MM) | $566 | $738 | $841 | $1,056 | $1,375 | $1,630 |
| Revenue Growth | n/a | 30.25% | 14.07% | 25.44% | 30.29% | 18.5% |
| Operating Margins | 31% | 31% | 22% | 24% | 28% | 28% |
| Net Margins | 24% | 24% | 17% | 19% | 20% | 21% |
| Net Income (MM) | $137 | $181 | $143 | $196 | $281 | $339 |
| Net Interest Expense (MM) | $2 | $1 | -$0 | $2 | $3 | $3 |
| Depreciation & Amort. (MM) | $15 | $22 | $28 | $36 | $50 | $58 |
| Earnings Per Share | $2.34 | $3.09 | $2.46 | $3.37 | $4.84 | $5.84 |
| EPS Growth | n/a | 32.05% | -20.39% | 36.99% | 43.62% | 20.66% |
| Diluted Shares (MM) | 58 | 58 | 58 | 58 | 58 | 58 |
| Free Cash Flow (MM) | $125 | $131 | $133 | $199 | $232 | $303 |
| Capital Expenditures (MM) | $60 | $93 | $94 | $121 | $133 | $176 |
| Current Ratio | 1.03 | 1.07 | 1.09 | 1.13 | 1.16 | 1.24 |
Paycom Software has rapidly growing revenues and increasing reinvestment in the business and generally positive cash flows. Additionally, the company's financial statements display strong operating margins with a stable trend and a strong EPS growth trend. Furthermore, Paycom Software has just enough current assets to cover current liabilities, as shown by its current ratio of 1.24.
