RingCentral Inc. (NYSE:RNG) reached a new 52-week high on Friday after swinging to profitability last year. The stock hit $40.64 during intra-day trading and closed at $39.50, up 34.40 percent. In 2021, the company reported a net income of $43.39 million, compared to a $58.2 million loss in 2020, with revenues increasing by 4 percent to $2.5 billion.

Following the positive financial results, RingCentral Inc. (NYSE:RNG) announced it would pay a quarterly dividend of $0.075 per share to shareholders on record as of March 9, with payment on March 16. The company plans to continue distributing dividends on a quarterly basis, pending market conditions and board approval.

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Read more at Yahoo Finance: RingCentral (RNG) Climbs to 52-Week High on Swing to Profit, Dividends