Cognizant Technology Solutions Corporation (CTSH) to Issue Quarterly Dividend of $0.33 on February 26th

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) announced a quarterly dividend on Wednesday, February 4th. Investors of record on Wednesday, February 18th will be given a dividend of 0.33 per share by the information technology service provider on Thursday, February 26th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, February 18th. This is a 6.5% increase from Cognizant Technology Solutions’s previous quarterly dividend of $0.31.

Cognizant Technology Solutions has raised 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 6 consecutive years. Cognizant Technology Solutions has a payout ratio of 24.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cognizant Technology Solutions to earn $5.35 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 24.7%.

Cognizant Technology Solutions Trading Up 1.1%

Cognizant Technology Solutions stock opened at $66.55 on Monday. The stock has a 50-day moving average price of $82.04 and a 200 day moving average price of $74.81. Cognizant Technology Solutions has a 52 week low of $65.00 and a 52 week high of $90.82. The stock has a market cap of $32.12 billion, a PE ratio of 14.63, a P/E/G ratio of 1.44 and a beta of 0.95. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.04.

Cognizant Technology Solutions (NASDAQ:CTSH) last released its quarterly earnings results on Wednesday, February 4th. The information technology service provider reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.03. The company had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.31 billion. Cognizant Technology Solutions had a net margin of 10.56% and a return on equity of 17.17%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $1.21 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.560-5.700 EPS. Equities research analysts predict that Cognizant Technology Solutions will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Company Profile

Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.