Monotype Imaging Holdings Inc. (TYPE) to Issue Quarterly Dividend of $0.11 on January 22nd

Monotype Imaging Holdings Inc. (NASDAQ:TYPE) declared a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Stockholders of record on Tuesday, January 2nd will be paid a dividend of 0.113 per share by the software maker on Monday, January 22nd. This represents a $0.45 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Friday, December 29th.

Monotype Imaging (NASDAQ TYPE) opened at $24.20 on Thursday. Monotype Imaging has a 12 month low of $15.75 and a 12 month high of $25.77. The company has a market capitalization of $1,005.80, a price-to-earnings ratio of 126.84, a PEG ratio of 8.03 and a beta of 1.00. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.30.

Monotype Imaging (NASDAQ:TYPE) last announced its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.03 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. Monotype Imaging had a return on equity of 2.47% and a net margin of 0.06%. The business had revenue of $60.50 million for the quarter, compared to analyst estimates of $59.35 million. During the same quarter in the prior year, the company posted $0.18 EPS. The company’s quarterly revenue was up 15.9% on a year-over-year basis. sell-side analysts expect that Monotype Imaging will post 0.2 earnings per share for the current year.

In other Monotype Imaging news, VP Janet M. Dunlap sold 8,063 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $25.00, for a total transaction of $201,575.00. Following the sale, the vice president now owns 92,913 shares in the company, valued at approximately $2,322,825. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

Several research firms recently issued reports on TYPE. BidaskClub downgraded Monotype Imaging from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. ValuEngine upgraded Monotype Imaging from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. B. Riley boosted their price objective on Monotype Imaging from $20.00 to $24.50 and gave the company a “neutral” rating in a report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. downgraded Monotype Imaging from a “neutral” rating to an “underweight” rating and set a $24.00 price objective on the stock. in a report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $23.17.

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Monotype Imaging Company Profile

Monotype Imaging Holdings Inc is engaged in the development, marketing and licensing of technologies and fonts. The Company empowers expression and engagement for creatives, designers, engineers and marketers. It organizes its business operations into two areas: creative professionals and original equipment manufacturer (OEM).

Dividend History for Monotype Imaging (NASDAQ:TYPE)

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