Formula Systems (1985) – ADR announced on May 23, 2023 that its board of directors declared a regular semi-annual dividend of $0.62 per share ($1.24 annualized). This dividend amount is unchanged from the previous amount paid.
To qualify for the dividend, shares must be purchased before the ex-dividend date of June 2, 2023. Shareholders who are recorded as owning shares on June 5, 2023, will receive the dividend payment on July 3, 2023.
Based on the current share price of $68.95 per share, Formula Systems (1985) – ADR offers a dividend yield of 1.80%.
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What is the Fund Sentiment?
There are currently 24 funds or institutions reporting positions in Formula Systems (1985) – ADR, which is an increase of 2 owner(s) or 9.09% in the last quarter. The average portfolio weight of all funds dedicated to FORTY is 0.01%, a decrease of 27.85%. Total shares owned by institutions decreased by 26.59% to 38,000 shares in the last three months.
What are Other Shareholders Doing?
Altshuler Shaham holds 13,000 shares, which is an increase of 1.90% from the prior filing. However, the firm reduced its portfolio allocation in FORTY by 44.67% in the last quarter.
GHP Investment Advisors holds 7,000 shares with no change in the last quarter, while TFG Advisers holds 7,000 shares with an increase of 86,989.74% in its portfolio allocation in FORTY over the last quarter. DFA Investment Dimensions Group Inc-International Sustainability Core 1 Portfolio Shares holds 2,000 shares with no changes in the last quarter and Bank Of America holds 1,000 shares with no changes in the last quarter.
Formula Systems Background Information
(This description is provided by the company.)
Formula Systems is a publicly traded holding company with a headquarters in Or Yehuda, Israel that operates mainly in the area of information technology through its subsidiaries.
This article was originally published on Fintel.
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