Genpact Limited (G) to Issue Quarterly Dividend of $0.10 on June 26th

Genpact Limited (NYSE:G) announced a quarterly dividend on Wednesday, May 20th, Zacks reports. Stockholders of record on Thursday, June 11th will be paid a dividend of 0.097 per share by the business services provider on Friday, June 26th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Wednesday, June 10th.

Genpact has increased its dividend by an average of 17.6% annually over the last three years and has increased its dividend every year for the last 2 years. Genpact has a payout ratio of 19.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Genpact to earn $1.93 per share next year, which means the company should continue to be able to cover its $0.39 annual dividend with an expected future payout ratio of 20.2%.

G traded down $0.47 during trading on Friday, hitting $33.62. 16,732 shares of the company traded hands, compared to its average volume of 1,526,712. The company has a market cap of $6.44 billion, a PE ratio of 20.01, a P/E/G ratio of 1.60 and a beta of 1.13. The stock’s 50-day simple moving average is $31.78 and its two-hundred day simple moving average is $38.01. Genpact has a 1 year low of $19.41 and a 1 year high of $45.20. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.04.

Genpact (NYSE:G) last released its quarterly earnings data on Monday, May 11th. The business services provider reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.08. The business had revenue of $923.19 million during the quarter, compared to analyst estimates of $894.39 million. Genpact had a net margin of 9.07% and a return on equity of 22.33%. Genpact’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.43 earnings per share. Equities analysts expect that Genpact will post 1.53 EPS for the current year.

A number of research analysts have recently issued reports on G shares. TheStreet raised shares of Genpact from a “c+” rating to a “b-” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. raised shares of Genpact from a “neutral” rating to an “overweight” rating in a report on Sunday, April 19th. Wells Fargo & Co boosted their price target on shares of Genpact from $36.00 to $39.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Needham & Company LLC upped their target price on shares of Genpact from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Robert W. Baird upped their price objective on shares of Genpact from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $42.25.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; invoice-to-cash services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.

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Dividend History for Genpact (NYSE:G)

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