CGI Inc (TSE:GIB.A) Announces $0.15 Quarterly Dividend

CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB announced a quarterly dividend on Friday, May 16th, TickerTech Dividends reports. Investors of record on Friday, June 20th will be given a dividend of 0.15 per share on Friday, June 20th. This represents a $0.60 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date is Friday, May 16th.

CGI Trading Up 0.4%

TSE GIB.A traded up C$0.60 during mid-day trading on Monday, reaching C$151.33. 290,849 shares of the stock were exchanged, compared to its average volume of 444,099. CGI has a 1-year low of C$132.06 and a 1-year high of C$175.35. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. The business's fifty day simple moving average is C$144.83 and its 200 day simple moving average is C$154.19. The stock has a market capitalization of C$30.84 billion, a PE ratio of 21.17, a PEG ratio of 2.24 and a beta of 0.86.

Analyst Ratings Changes

GIB.A has been the subject of several recent research reports. Scotiabank lowered their target price on shares of CGI from C$185.00 to C$175.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Stifel Nicolaus raised their target price on CGI from C$180.00 to C$185.00 in a research note on Thursday, January 30th. BMO Capital Markets increased their price objective on shares of CGI from C$177.00 to C$190.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. TD Securities upped their target price on shares of CGI from C$180.00 to C$190.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Finally, Canaccord Genuity Group reduced their price objective on CGI from C$190.00 to C$180.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of C$175.85.

About CGI

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.