CGI Group, Inc. (GIB) To Go Ex-Dividend on November 21st

CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) declared a quarterly dividend on Tuesday, November 4th. Stockholders of record on Friday, November 21st will be given a dividend of 0.17 per share by the technology company on Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, November 21st. This is a 56.5% increase from CGI Group’s previous quarterly dividend of $0.11.

CGI Group has a dividend payout ratio of 7.4% indicating that 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 $0.48 annual dividend with an expected future payout ratio of 7.6%.

CGI Group Stock Performance

NYSE:GIB opened at $85.99 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.27. CGI Group has a 52-week low of $84.00 and a 52-week high of $122.79. The firm has a market cap of $19.17 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.46 and a beta of 0.71. The business’s fifty day moving average is $89.05 and its 200 day moving average is $97.58.

CGI Group (NYSE:GIB) (TSE:GIB.A) last issued its earnings results on Wednesday, November 5th. The technology company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.53 by $0.02. CGI Group had a return on equity of 18.53% and a net margin of 11.01%.The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $4 billion. During the same quarter last year, the company earned $1.92 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. Research analysts predict that CGI Group will post 5.79 EPS for the current year.

About CGI Group

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.