Cognizant Technology Solutions Corporation (CTSH) To Go Ex-Dividend on November 13th

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.33 per share by the information technology service provider on Wednesday, November 25th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, November 13th.

Cognizant Technology Solutions has increased its dividend by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 6 years. Cognizant Technology Solutions has a payout ratio of 24.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cognizant Technology Solutions to earn $6.28 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 21.0%.

Cognizant Technology Solutions Stock Performance

Shares of NASDAQ:CTSH opened at $65.00 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.22 and a quick ratio of 2.22. Cognizant Technology Solutions has a 1 year low of $37.08 and a 1 year high of $87.03. The firm has a market capitalization of $29.06 billion, a PE ratio of 11.34, a P/E/G ratio of 1.26 and a beta of 0.83. The business’s 50 day moving average price is $62.46 and its 200-day moving average price is $58.60.

Cognizant Technology Solutions (NASDAQ:CTSH) last announced its quarterly earnings data on Thursday, October 29th. The information technology service provider reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. The company had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.64 billion. Cognizant Technology Solutions had a return on equity of 17.72% and a net margin of 11.75%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 EPS. As a group, equities research analysts expect that Cognizant Technology Solutions will post 5.78 earnings per share for the current fiscal year.

About Cognizant Technology Solutions

Cognizant Technology Solutions is a professional services company that helps businesses use technology to modernize operations and develop digital capabilities. Its services include IT consulting, application development and maintenance, cloud and infrastructure services, data and artificial intelligence, engineering, and business process services. The company serves clients across industries including financial services, healthcare, manufacturing, communications, media, and retail. Its operations span North America, Europe, and Asia-Pacific, with a significant global delivery network.