The cloud communications firm increases its quarterly payout to $0.125, marking a 66.7% rise from the prior $0.075 dividend.
RingCentral announced a 66.7% increase in its quarterly dividend to $0.125 per share, up from $0.075 previously. The move reflects the company’s confidence in sustained cash flow growth amid expanding enterprise demand for cloud-based communication tools.
The new payout yields 1.05% on a forward basis. The dividend is payable August 20 to shareholders of record as of August 6, with the ex-dividend date also set for August 6. The prior dividend of $0.075 had been in place since the company initiated its payout program in early 2023.
No immediate market reaction was disclosed in the announcement.