CGI Inc (TSE:GIB.A) to Issue Quarterly Dividend of $0.15

Key Points

• CGI Inc has announced a quarterly dividend of $0.15 per share, which will be paid on September 19th to investors of record as of that date.
• The company's stock experienced a 1.3% increase on Wednesday, with shares trading at C$131.16.
• CGI Inc holds a market capitalization of C$26.73 billion and has a PE ratio of 18.34, suggesting a stable growth outlook.

CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB announced a quarterly dividend on Friday, August 15th, TickerTech Dividends reports. Investors of record on Friday, September 19th will be given a dividend of 0.15 per share on Friday, September 19th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, August 15th.

CGI Stock Performance

GIB.A traded up C$0.22 during trading hours on Friday, reaching C$129.79. The company's stock had a trading volume of 497,744 shares, compared to its average volume of 434,858. CGI has a 52 week low of C$128.32 and a 52 week high of C$175.35. The company's 50-day moving average is C$139.55 and its 200-day moving average is C$147.06. 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 firm has a market cap of C$26.45 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86.

Analyst Ratings Changes

A number of research firms recently commented on GIB.A. Raymond James Financial dropped their price target on CGI from C$183.00 to C$178.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Desjardins dropped their price target on CGI from C$173.00 to C$166.00 and set a "buy" rating for the company in a research note on Tuesday, July 29th. Royal Bank Of Canada dropped their price target on CGI from C$185.00 to C$175.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Scotiabank dropped their price target on 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. Finally, Canaccord Genuity Group dropped their price target on CGI from C$190.00 to C$180.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, CGI has a consensus rating of "Buy" and a consensus target price of C$179.40.

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.