Genpact Limited Announces Quarterly Dividend of $0.19 (NYSE:G)

Key Points

• Genpact declared a quarterly dividend of $0.1875 per share (annualized $0.75) with a record date of June 10 and payable on June 25, implying a dividend yield of about 2.2%.
• The dividend appears well covered: Genpact has raised its payout for six consecutive years, has a current payout ratio of ~20.1%, and analysts forecast $4.00 EPS next year, implying an expected payout ratio near 18.8%.
• In the most recent quarter Genpact reported EPS of $0.97 (beat the $0.93 estimate) and revenue of $1.32 billion (+5.6% YoY); the stock trades near $34.36 with a market cap around $5.8 billion and a P/E of about 11.

Genpact Limited (NYSE:G - Get Free Report) declared a quarterly dividend on Thursday, April 23rd. Stockholders of record on Wednesday, June 10th will be given a dividend of 0.1875 per share by the business services provider on Thursday, June 25th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, June 10th.

Genpact has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Genpact has a payout ratio of 20.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Genpact to earn $4.00 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 18.8%.

Genpact Trading Down 0.4%

Shares of G opened at $34.36 on Friday. Genpact has a fifty-two week low of $33.92 and a fifty-two week high of $50.41. The business has a 50-day moving average of $37.91 and a 200 day moving average of $41.65. The firm has a market cap of $5.83 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 1.07 and a beta of 0.74. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.66 and a current ratio of 1.66.

Genpact (NYSE:G - Get Free Report) last released its quarterly earnings data on Friday, February 6th. The business services provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.93 by $0.04. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.31 billion. Genpact had a net margin of 10.88% and a return on equity of 22.02%. The company's revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. As a group, research analysts forecast that Genpact will post 3.6 EPS for the current year.

About Genpact

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.

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