Today witnesses a nearly 3% surge in Salesforce's stock price.

Tech Giant Salesforce Announces Dividend, Bucking Industry Trend

In a surprising move for a tech company, Salesforce (CRM) has announced a quarterly dividend of approximately $0.42 per share. This dividend, set to be paid on October 9 to shareholders of record as of September 17, marks a slight increase from the initial dividend of $0.40 per share.

The dividend yield for Salesforce currently stands at around 0.65%, slightly under the average of 1.2% for all S&P 500 index stocks. However, this move is seen as a positive signal to investors, indicating the health of Salesforce's underlying business.

The tech company's share price gained nearly 3% on Friday, contrasting with the S&P 500's 0.3% slide on the same day. Salesforce's stock ticker is CRM, and the company's market capitalization currently stands at $240 billion.

The share volume for Salesforce on the current day is 643,590. The 52-week range for Salesforce's share price is $226.48 to $369.00, with the current share price sitting at $250.76.

Salesforce launched its dividend payment in March 2024, a move that is somewhat uncommon for tech companies, which often reinvest their profits into the business instead of paying dividends during their early to middle stages.

The dividend payment from Salesforce comes amidst a strong gross margin of 69.91%. This financial strength, coupled with the dividend announcement, could attract more investors to the tech giant.

All shareholders who are recorded as shareholders in the company's register on the record date of September 17, 2025, will receive the quarterly cash dividend payment of 0.416 US dollars per share.

Investors will be keeping a close eye on Salesforce as they navigate the tech landscape and continue to make strategic decisions that could impact their shareholders.