Genpact Limited (NYSE:G) Plans Quarterly Dividend of $0.19

Genpact Limited (NYSE:G) announced a quarterly dividend on Thursday, October 15th. Shareholders of record on Thursday, December 10th will be paid a dividend of $0.1875 per share by the business services provider on Wednesday, December 23rd. This represents a $0.75 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, December 10th.

Genpact has raised 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. Genpact has a dividend payout ratio of 20.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Genpact to earn $4.07 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 18.4%.

Genpact Stock Up 6.4%

Shares of G opened at $37.60 on Friday. The company’s 50-day simple moving average is $35.18 and its 200-day simple moving average is $33.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.00. Genpact has a 1 year low of $26.85 and a 1 year high of $48.64. The stock has a market capitalization of $6.29 billion, a PE ratio of 11.16, a P/E/G ratio of 0.94 and a beta of 0.57.

Genpact (NYSE:G) last announced its earnings results on Tuesday, June 30th. The business services provider reported $1.00 earnings per share for the quarter. The firm had revenue of $1.34 billion for the quarter. Genpact had a net margin of 11.04% and a return on equity of 23.34%. Analysts forecast that Genpact will post 3.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on G. TD Cowen upped their price target on Genpact from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Wall Street Zen upgraded shares of Genpact from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd. BMO Capital Markets reiterated a “market perform” rating and set a $40.00 target price on shares of Genpact in a research note on Friday, August 7th. Weiss Ratings raised Genpact from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Genpact from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Genpact has an average rating of “Hold” and an average price target of $39.33.

About Genpact

Genpact Ltd. (NYSE:G) is a global professional services and technology company that helps organizations transform business processes and operations. Its services combine consulting, digital technology, data and artificial intelligence, and domain expertise to support process modernization, automation, and operational improvement.

The company provides services across finance and accounting, procurement, supply chain management, customer experience, risk and compliance, lending, and analytics.