Formula Systems (1985) Ltd. (ADR)(NASDAQ:FORTY) Declares Dividend of $0.3400.

Formula Systems (1985) Ltd. (ADR) (NASDAQ:FORTY) had declared a cash dividend of $0.3400 on Jun 29, 2016. The shares will quote ex-dividend on Jul 11, 2016 and the record date has been fixed for Jul 13, 2016. On Jun 29, 2016 share price, the yield comes out to be 4.3024%. The dividend payable date has been fixed on Jul 28, 2016.

Formula Systems (1985) Ltd. (ADR) (FORTY) made into the market gainers list on Fridays trading session with the shares advancing 1.60% or 0.51 points. Due to strong positive momentum, the stock ended at $32.3, which is also near the day’s high of $32.4. The stock began the session at $32.2 and the volume stood at 751 shares. The 52-week high of the shares is $35.64 and the 52 week low is $23.5401. The company has a current market capitalization of $476 M and it has 1,47,28,782 shares in outstanding.

Formula Systems (1985) Ltd. (ADR)(FORTY) last announced its earnings results on Mar 15, 2016 for Fiscal Year 2015 and Q4.Earnings per share were $0.29.

Formula Systems (1985) Ltd. is an Israel-based IT solutions and services holding company. The Company through its directly held subsidiaries and affiliates is engaged in providing proprietary and non-proprietary software solutions and services software product marketing and support computer infrastructure and integration solutions and learning and integration. It operates through its subsidiary: Matrix and through its affiliated companies Magic Software and Sapiens. The areas of the Company’s business activity includes: IT Services the Company designs and implements IT solutions which improve the productivity of its customers’ existing IT assets. Through Software Solutions the Company designs develops and markets software solutions for sale in the selected markets across the world. It seeks opportunities to invest in or acquire companies with attractive software solutions under development which it believes to have market potential.

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