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

Genpact Limited (NYSE:G) declared a quarterly dividend on Thursday, October 15th. Investors of record on Thursday, December 10th will be paid a dividend of $0.1875 per share by the business services provider on Wednesday, December 23rd. This represents a $0.75 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, December 10th.

Genpact has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 6 years. Genpact has a dividend payout ratio of 20.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Genpact to earn $4.07 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 18.4%.

Genpact Price Performance

Shares of Genpact stock opened at $37.60 on Friday. The firm has a market cap of $6.29 billion, a PE ratio of 10.30, a P/E/G ratio of 0.94 and a beta of 0.57. Genpact has a twelve month low of $26.85 and a twelve month high of $48.64. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $35.18 and a 200 day moving average price of $33.48.

Genpact (NYSE:G) last issued its quarterly earnings results on Tuesday, June 30th. The business services provider reported $1.00 earnings per share (EPS) for the quarter. The company had revenue of $1.34 billion for the quarter. Genpact had a return on equity of 23.34% and a net margin of 11.04%. Sell-side analysts predict that Genpact will post 3.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

G has been the subject of a number of recent analyst reports. TD Cowen boosted their price objective on Genpact from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. upped their target price on Genpact from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. BMO Capital Markets reiterated a “market perform” rating and set a $40.00 target price on shares of Genpact in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of Genpact in a research note on Friday, July 10th. Finally, Wall Street Zen raised shares of Genpact from a “hold” rating to a “buy” rating in a report on Saturday, October 3rd. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Genpact currently has an average rating of “Hold” and a consensus target price of $39.33.

About Genpact

Genpact Ltd. (NYSE:G) is a global professional services and technology company that helps organizations transform business processes and operations. Its services combine consulting, digital technology, data and artificial intelligence, and domain expertise to support process modernization, automation, and operational improvement.

The company provides services across finance and accounting, procurement, supply chain management, customer experience, risk and compliance, lending, and analytics.