CGI Group, Inc. (GIB) To Go Ex-Dividend on February 18th

CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) announced a quarterly dividend on Tuesday, January 27th. Shareholders of record on Wednesday, February 18th will be paid a dividend of 0.17 per share by the technology company on Friday, March 20th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, February 18th.

CGI Group has a dividend payout ratio of 7.6% meaning its dividend is sufficiently covered by earnings. Analysts expect CGI Group to earn $6.28 per share next year, which means the company should continue to be able to cover its $0.49 annual dividend with an expected future payout ratio of 7.8%.

CGI Group Stock Performance

NYSE:GIB opened at $74.54 on Monday. The firm’s 50-day moving average is $89.12 and its 200-day moving average is $90.43. The company has a market cap of $16.34 billion, a price-to-earnings ratio of 13.96 and a beta of 0.59. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.70 and a current ratio of 0.94. CGI Group has a 52-week low of $72.64 and a 52-week high of $122.59.

CGI Group (NYSE:GIB) (TSE:GIB.A) last released its earnings results on Wednesday, January 28th. The technology company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.04). CGI Group had a net margin of 10.25% and a return on equity of 18.61%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the business posted $1.97 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Equities research analysts anticipate that CGI Group will post 5.79 earnings per share for the current year.

CGI Group Company Profile

CGI Group Inc is a global information technology and business consulting firm that delivers a broad range of services including IT consulting, systems integration, application development and maintenance, infrastructure and network services, managed IT and business process outsourcing. The company works with clients to design, build and operate IT systems and business solutions, with capabilities spanning cloud and hybrid IT environments, cybersecurity, data analytics and artificial intelligence, digital transformation and enterprise resource planning implementations.

Founded in 1976 in Quebec by Serge Godin and André Imbeau, CGI has grown from a regional systems integrator into a multinational professional services organization.