RingCentral (RNG) Climbs to 52-Week High on Swing to Profit, Dividends

Core Viewpoint - RingCentral Inc. (NYSE:RNG) has achieved a new 52-week high, driven by its transition to profitability and the announcement of regular quarterly dividends [1][7]. Financial Performance - The company reported a net income of $43.39 million for the last year, a significant turnaround from a net loss of $58.2 million in 2024 [2]. - Total revenues increased by 4 percent to $2.5 billion, up from $2.4 billion [2]. - In the fourth quarter, RingCentral recorded a net income of $22.97 million, reversing a net loss of $7.19 million from the same period last year [3]. - Total revenues for the fourth quarter rose by 4.88 percent to $644 million, compared to $614 million in the previous year [3]. Dividend Announcement - RingCentral announced a dividend of $0.075 per share for shareholders on record as of March 9, payable on March 16 [4]. - The company plans to implement a quarterly cash dividend moving forward, contingent on market conditions and Board of Directors' approval [4].