NIC Inc. (EGOV) To Go Ex-Dividend on December 4th

NIC Inc. (NASDAQ:EGOV) announced a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Tuesday, December 5th will be paid a dividend of 0.08 per share by the software maker on Tuesday, December 19th. This represents a $0.32 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Monday, December 4th.

Shares of NIC (NASDAQ:EGOV) opened at $16.90 on Friday. The company has a market capitalization of $1,119.95, a PE ratio of 20.86, a P/E/G ratio of 2.17 and a beta of 0.38. NIC has a twelve month low of $15.45 and a twelve month high of $25.90.

NIC (NASDAQ:EGOV) last announced its earnings results on Wednesday, November 1st. The software maker reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. The business had revenue of $84.53 million for the quarter, compared to the consensus estimate of $83.55 million. NIC had a return on equity of 36.89% and a net margin of 16.42%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the business posted $0.24 EPS. analysts expect that NIC will post 0.78 EPS for the current year.

Several equities research analysts recently commented on the company. Maxim Group reiterated a “hold” rating and set a $16.00 target price on shares of NIC in a report on Thursday, November 2nd. Zacks Investment Research upgraded NIC from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Tuesday, October 3rd. TheStreet downgraded NIC from a “b-” rating to a “c+” rating in a report on Monday, August 14th. DA Davidson restated a “neutral” rating and set a $18.00 price objective on shares of NIC in a report on Wednesday, September 20th. Finally, BidaskClub upgraded NIC from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $19.29.

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About NIC

NIC Inc is a provider of digital government services that help governments use technology to provide services to businesses and citizens. The Company operates through Outsourced Portals segment. The Company offers its services through two channels: primary outsourced portal businesses, and software and services businesses.

Dividend History for NIC (NASDAQ:EGOV)

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