Amdocs Limited (NASDAQ:DOX) Declares $0.53 Quarterly Dividend

Key Points

• Amdocs Limited has declared a quarterly dividend of $0.53 per share, with the payment expected on October 31st to investors on record by September 30th.
• The company reported earnings of $1.72 per share for the last quarter, slightly exceeding analysts' expectations, despite experiencing a revenue decline of 8.4% year-over-year.
• Amdocs' stock increased by 5.1% during trading, reaching $88.87, with a market capitalization of $10.03 billion and a P/E ratio of 18.71.

Amdocs Limited (NASDAQ:DOX - Get Free Report) announced a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.527 per share by the technology company on Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 30th.

Amdocs has a payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Amdocs to earn $6.82 per share next year, which means the company should continue to be able to cover its $2.11 annual dividend with an expected future payout ratio of 30.9%.

Amdocs Stock Up 5.1%

Shares of DOX stock traded up $4.30 during mid-day trading on Thursday, hitting $88.87. 1,554,718 shares of the stock traded hands, compared to its average volume of 708,360. The stock's fifty day moving average is $90.27 and its two-hundred day moving average is $88.66. Amdocs has a 52-week low of $78.61 and a 52-week high of $95.41. The stock has a market cap of $10.03 billion, a P/E ratio of 18.71, a P/E/G ratio of 1.40 and a beta of 0.51. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 1.16.

Amdocs (NASDAQ:DOX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.71 by $0.01. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Amdocs had a net margin of 11.39% and a return on equity of 19.52%. The company's revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.62 earnings per share. Equities analysts predict that Amdocs will post 6.21 EPS for the current year.

Amdocs Company Profile

Amdocs Limited, through its subsidiaries, provides software and services worldwide. It designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. The company provides CES23, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; Amdocs Subscription Marketplace, a software-as-a-service-based platform that includes an expansive network of pre-integrated digital services, such as media, gaming, eLearning, sports, and retail to security and business services; the monetization suite for charging, billing, policy, and revenue management; Intelligent networking suite with a set of modular, flexible, and open service lifecycle management capabilities for network automation journeys; amAIz, a telco GenAI framework; Amdocs Digital Brands Suite, a pre-integrated digital business suite; and Amdocs eSIM Cloud for service providers.

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