SilverSun Technologies, Inc. operates as a business application, technology, and consulting company in the United States. The company provides solutions for accounting and business management, financial reporting, managed services, enterprise resource planning, human capital management, warehouse management systems, customer relationship management, and business intelligence. It also offers value-added services that focuses on consulting and professional services, specialized programming, training, and technical support. In addition, the company provides managed, cybersecurity, business continuity, disaster recovery, data back-up, network maintenance and service upgrades, and application hosting services. It serves small and medium-sized businesses primarily in the manufacturing, distribution, and service industries. The company was formerly known as Trey Resources, Inc. and changed its name to SilverSun Technologies, Inc. in June 2011. SilverSun Technologies, Inc. was founded in 1988 and is headquartered in East Hanover, New Jersey.
SilverSun Technologies Dividend Announcement
• SilverSun Technologies announced a annually dividend of $3.27 per ordinary share which will be made payable on 2024-06-12. Ex dividend date: 2024-06-05
• SilverSun Technologies annual dividend for 2024 was $3.27
• SilverSun Technologies annual dividend for 2023 was $0.20
• SilverSun Technologies's trailing twelve-month (TTM) dividend yield is 160.39%
SilverSun Technologies Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-05 | $3.27 | annually | 2024-06-12 |
2023-08-17 | $0.20 | annually | 2023-08-25 |
2021-07-08 | $0.60 | annually | 2021-07-16 |
2020-12-18 | $0.40 | annually | 2020-12-28 |
2020-01-06 | $0.50 | annually | 2020-01-14 |
2019-01-04 | $0.05 | annually | 2019-01-14 |
2017-11-27 | $0.04 | annually | 2017-12-04 |
2017-05-03 | $0.02 | annually | 2017-05-10 |
2017-01-24 | $0.02 | annually | 2017-01-31 |
2016-01-13 | $0.06 | annually | 2016-01-20 |
SilverSun Technologies Dividend per year
SilverSun Technologies Dividend growth
SilverSun Technologies Dividend Yield
SilverSun Technologies current trailing twelve-month (TTM) dividend yield is 160.39%. Interested in purchasing SilverSun Technologies stock? Use our calculator to estimate your expected dividend yield:
SilverSun Technologies Financial Ratios
SilverSun Technologies Dividend FAQ
Other factors to consider when evaluating SilverSun Technologies as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: SilverSun Technologies's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, SilverSun Technologies publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, SilverSun Technologies distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from SilverSun Technologies are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: SilverSun Technologies sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, SilverSun Technologies distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: SilverSun Technologies declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of SilverSun Technologies's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review SilverSun Technologies's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.