TransAct Technologies Incorporated (NASDAQ:TACT) declared a quarterly dividend on Friday, August 2nd, NASDAQ reports. Investors of record on Tuesday, August 20th will be paid a dividend of 0.09 per share by the technology company on Monday, September 16th. This represents a $0.36 annualized dividend and a yield of 3.00%. The ex-dividend date is Monday, August 19th.
TransAct Technologies has increased its dividend payment by an average of 4.0% annually over the last three years and has increased its dividend every year for the last 2 years. TransAct Technologies has a dividend payout ratio of 55.4% indicating that its dividend is sufficiently covered by earnings.
Shares of TACT stock opened at $12.00 on Friday. The firm has a 50-day moving average price of $12.01 and a 200 day moving average price of $10.17. TransAct Technologies has a twelve month low of $8.40 and a twelve month high of $15.95. The company has a market capitalization of $90.68 million, a price-to-earnings ratio of 21.30 and a beta of 1.07. The company has a current ratio of 3.52, a quick ratio of 1.89 and a debt-to-equity ratio of 0.09.
TransAct Technologies (NASDAQ:TACT) last announced its earnings results on Wednesday, August 7th. The technology company reported $0.02 earnings per share for the quarter. TransAct Technologies had a net margin of 8.85% and a return on equity of 16.31%. The firm had revenue of $11.35 million during the quarter.
In related news, Director John Dillon acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was bought at an average price of $12.00 per share, with a total value of $60,000.00. Following the purchase, the director now directly owns 40,490 shares in the company, valued at approximately $485,880. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 12.53% of the company’s stock.
Separately, ValuEngine raised shares of TransAct Technologies from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd.
About TransAct Technologies
TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal and inkjet printers and terminals to generate labels, coupons, and transaction records, such as receipts, tickets, and other documents, as well as printed logging and plotting of data.
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