Formula Systems (1985) – ADR (FORTY) declares a dividend of $0.62

Formula Systems (1985) – ADR declared on May 23, 2023 that its board of directors had declared a regular semi-annual dividend of $0.62 per share ($1.24 annualized). Previously, the company paid $0.62 per share.

Shares must be purchased before the ex-div date of June 2, 2023 to be eligible for the dividend. Shareholders of record as of June 5, 2023 will receive payment on July 3, 2023.

At the current share price of $68.95/share, the dividend yield of the stock is 1.80%.

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What is fund sentiment?

There are 24 funds or institutions reporting positions in Formula Systems (1985) – ADR. This is an increase of 2 owner(s) or 9.09% over the last quarter. Average portfolio weight of all funds dedicated to FORTY is 0.01%, a decrease of 27.85%. The total number of shares held by institutions has decreased over the past three months by 26.59% to 38,000 shares.

What are the other shareholders doing?

Altshuler Shaham owns 13,000 shares. In its previous filing, the company said it held 13,000 shares, representing a raise 1.90%. The company decreases its portfolio allocation in FORTY of 44.67% during the last quarter.

GHP Investment Advisors owns 7,000 shares. No change in the last quarter.

TFG Advisers owns 7,000 shares. In its previous filing, the company said it held 7,000 shares, representing a decrease 0.25%. The company increase its portfolio allocation in FORTY of 86,989.74% in the last quarter.

DFA INVESTMENT DIMENSIONS GROUP INC – International Sustainability Core 1 Portfolio Shares holds 2,000 shares. No change in the last quarter.

Bank Of America owns 1,000 shares. No change in the last quarter.

General information about formula systems
(This description is provided by the company.)

Formula Systems is a publicly traded holding company headquartered in Or Yehuda, Israel. Through its subsidiaries, it mainly operates in the field of information technology.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.