CRM - Is Salesforce's Latest Big Move a Good Idea?
2024-05-22 07:15:00 ET
It seems like more tech companies are starting to pay dividends as a new way to excite investors about their stock. Salesforce (NYSE: CRM) was one of the first to participate in this trend, but the question is, is it a good idea? After all, there's still a lot of growth to be had.
However, investors should know some facts about dividends. While this may not be great news for Salesforce as a business, it's excellent news for Salesforce investors.
During its fiscal year 2024 fourth-quarter (ended Jan. 31) release, Salesforce announced a quarterly dividend of $0.40 per share. This works out to a dividend yield of about 0.5%, so it's not one that investors can retire off of (unless they own a lot of Salesforce stock). But, what this dividend does for Salesforce is far greater.
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Is Salesforce's Latest Big Move a Good Idea?