Accenture Plc (NYSE:ACN) announced a semiannual dividend on Monday, October 1st, Wall Street Journal reports. Stockholders of record on Thursday, October 18th will be given a dividend of 1.46 per share by the information technology services provider on Thursday, November 15th. This represents a dividend yield of 1.68%. The ex-dividend date of this dividend is Wednesday, October 17th. This is a boost from Accenture’s previous semiannual dividend of $1.21.

Accenture has raised its dividend payment by an average of 9.2% per year over the last three years and has raised its dividend every year for the last 8 years. Accenture has a payout ratio of 40.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Accenture to earn $7.90 per share next year, which means the company should continue to be able to cover its $2.92 annual dividend with an expected future payout ratio of 37.0%.

NYSE ACN opened at $157.92 on Tuesday. Accenture has a 12-month low of $136.84 and a 12-month high of $175.64. The company has a market capitalization of $114.83 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 2.28 and a beta of 0.98.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.02. The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $10.01 billion. Accenture had a net margin of 9.76% and a return on equity of 41.92%. Accenture’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.48 EPS. On average, sell-side analysts expect that Accenture will post 7.24 EPS for the current year.

A number of analysts recently weighed in on ACN shares. UBS Group raised shares of Accenture from a “neutral” rating to a “positive” rating in a report on Tuesday, June 19th. Susquehanna Bancshares raised shares of Accenture from a “neutral” rating to a “positive” rating and upped their target price for the stock from $165.00 to $190.00 in a report on Tuesday, June 19th. Zacks Investment Research lowered shares of Accenture from a “hold” rating to a “sell” rating in a report on Wednesday, June 20th. Stifel Nicolaus upped their target price on shares of Accenture from $170.00 to $179.00 and gave the stock a “buy” rating in a report on Thursday, June 21st. Finally, Deutsche Bank upped their target price on shares of Accenture from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, June 29th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $176.37.

In other Accenture news, Director Arun Sarin sold 1,170 shares of the business’s stock in a transaction that occurred on Friday, October 5th. The shares were sold at an average price of $171.40, for a total value of $200,538.00. Following the completion of the transaction, the director now owns 4,582 shares of the company’s stock, valued at approximately $785,354.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Pierre Nanterme sold 30,117 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $173.45, for a total transaction of $5,223,793.65. The disclosure for this sale can be found here. In the last three months, insiders sold 49,067 shares of company stock valued at $8,395,252. Corporate insiders own 0.21% of the company’s stock.

About Accenture

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

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Dividend History for Accenture (NYSE:ACN)

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