Genpact Limited (G) Announces Quarterly Dividend of $0.08

Genpact Limited (NYSE:G) announced a quarterly dividend on Tuesday, October 23rd, Zacks reports. Investors of record on Monday, December 10th will be paid a dividend of 0.075 per share by the business services provider on Wednesday, December 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, December 7th.

Genpact has a dividend payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Genpact to earn $1.78 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 16.9%.

NYSE G opened at $30.38 on Friday. Genpact has a 52-week low of $26.46 and a 52-week high of $34.79. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market cap of $5.77 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 1.94 and a beta of 0.64.

Genpact (NYSE:G) last issued its quarterly earnings results on Tuesday, November 6th. The business services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. Genpact had a net margin of 9.31% and a return on equity of 22.26%. The company had revenue of $747.98 million during the quarter, compared to analysts’ expectations of $754.93 million. During the same period last year, the business earned $0.46 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Genpact will post 1.56 earnings per share for the current year.

G has been the subject of a number of research reports. SunTrust Banks reissued a “buy” rating and set a $37.00 target price on shares of Genpact in a report on Thursday, August 9th. Zacks Investment Research reiterated a “buy” rating and issued a $30.00 target price on shares of Genpact in a research report on Tuesday, November 13th. Cantor Fitzgerald reiterated a “buy” rating and issued a $36.00 target price on shares of Genpact in a research report on Wednesday, November 7th. JPMorgan Chase & Co. reduced their price target on Genpact from $33.00 to $32.00 and set an “underweight” rating on the stock in a report on Wednesday, October 24th. Finally, Cowen restated a “buy” rating and set a $35.00 price target on shares of Genpact in a report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $34.31.

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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; over-the counter 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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