Amdocs Limited (DOX) to Issue Quarterly Dividend of $0.53 on January 30th

Amdocs Limited (NASDAQ:DOX) declared a quarterly dividend on Tuesday, November 11th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.527 per share by the technology company on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Wednesday, December 31st.

Amdocs has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Amdocs has a dividend payout ratio of 27.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Amdocs to earn $6.82 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 30.8%.

Amdocs Stock Performance

Shares of DOX opened at $81.73 on Monday. The stock has a market capitalization of $8.82 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 1.38 and a beta of 0.43. The business’s fifty day moving average price is $79.82 and its 200 day moving average price is $84.38. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.17 and a quick ratio of 1.17. Amdocs has a 12-month low of $74.32 and a 12-month high of $95.41.

Amdocs Company Profile

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.