Concentrix Corporation (NASDAQ:CNXC) Announces Quarterly Dividend of $0.37

Key Points

• Concentrix raised its quarterly dividend 2.8% to $0.37 per share, equivalent to $1.48 annually and an indicated yield of approximately 5.9%. The dividend is payable November 3 to shareholders of record October 23.
• The dividend appears well covered, with a current payout ratio of 11.3% and an expected future payout ratio of 14.2% based on analysts’ earnings estimates.
• Despite strong operating cash flow, Concentrix’s recent revenue slightly missed expectations, while fourth-quarter and full-year revenue guidance came in below consensus estimates, weighing on the stock.

Concentrix Corporation (NASDAQ:CNXC - Get Free Report) declared a quarterly dividend on Tuesday, September 29th. Shareholders of record on Friday, October 23rd will be given a dividend of $0.37 per share on Tuesday, November 3rd. This represents a $1.48 annualized dividend and a yield of 5.9%. The ex-dividend date is Friday, October 23rd. This is a 2.8% increase from Concentrix's previous quarterly dividend of $0.36.

Concentrix has a dividend payout ratio of 11.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Concentrix to earn $10.16 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 14.2%.

Concentrix Trading Down 2.2%

Shares of CNXC opened at $24.88 on Wednesday. The stock's 50-day moving average is $27.01 and its two-hundred day moving average is $26.53. The stock has a market cap of $1.52 billion, a PE ratio of -1.17, a P/E/G ratio of 0.47 and a beta of 0.47. Concentrix has a 12 month low of $19.12 and a 12 month high of $49.37. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.18 and a quick ratio of 1.18.

Concentrix (NASDAQ:CNXC - Get Free Report) last issued its earnings results on Monday, June 29th. The company reported $2.63 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.01). The company had revenue of $2.46 billion during the quarter, compared to analysts' expectations of $2.47 billion. Concentrix had a positive return on equity of 19.82% and a negative net margin of 13.16%.Concentrix's quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.70 EPS. Equities analysts forecast that Concentrix will post 9.67 earnings per share for the current fiscal year.

Key Concentrix News

Here are the key news stories impacting Concentrix this week:

• Positive Sentiment: Concentrix exceeded its quarterly profitability guidance and generated record third-quarter operating cash flow of $268 million, including $218 million in adjusted free cash flow. Concentrix Reports Third Quarter 2026 Results
• Positive Sentiment: The company raised its quarterly dividend 2.8% to $0.37 per share, or $1.48 annually, representing an indicated yield of approximately 5.9%. The dividend is payable November 3 to shareholders of record October 23.
• Positive Sentiment: Concentrix expects new-business revenue to exceed $6 billion in 2027 and is targeting net leverage of 2.2 times, signaling confidence in future bookings and balance-sheet improvement. Concentrix 2027 Outlook
• Neutral Sentiment: Concentrix reported third-quarter adjusted earnings of $2.92 per share according to Zacks, above its $2.71 consensus estimate, while other reports cited EPS of $2.57. The differing figures likely reflect differing accounting measures or data sets, but the broader earnings reaction centered on revenue and forward guidance.
• Negative Sentiment: Third-quarter revenue of roughly $2.45 billion to $2.46 billion came in below analysts’ approximately $2.48 billion–$2.47 billion expectations. Reports also indicated that the shift toward AI-related business is weighing on current revenue growth, despite about half of revenue now coming from business won since the company introduced AI tools three years ago. Concentrix Stock Falls After Earnings
• Negative Sentiment: Fourth-quarter EPS guidance of $2.86–$2.98 and revenue guidance of $2.4–$2.5 billion were below consensus estimates of $3.08 and $2.5 billion, respectively. Full-year revenue guidance of $9.8–$9.9 billion also trailed the $10 billion consensus, offsetting the modestly above-consensus full-year EPS outlook. Concentrix Q3 Earnings Coverage

About Concentrix

Concentrix Corporation is a global technology and services company that helps organizations manage customer experience, business operations and digital transformation. Its offerings include customer care, technical support, sales and marketing services, back-office support, analytics, artificial intelligence and automation solutions.

The company serves clients across industries such as technology and consumer electronics, retail, banking and financial services, healthcare, communications and media, travel, and automotive.

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