Genpact Limited Plans Quarterly Dividend of $0.08 (G)

Genpact Limited (NYSE:G) declared a quarterly dividend on Tuesday, October 23rd, Zacks reports. Investors of record on Monday, December 10th will be given 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 is Friday, December 7th.

Genpact has a payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities 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%.

G stock opened at $30.38 on Friday. Genpact has a 12 month low of $26.46 and a 12 month 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 stock has a market cap of $5.77 billion, a P/E ratio of 19.86, a PEG ratio of 1.94 and a beta of 0.64.

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

G has been the subject of a number of recent analyst reports. Wells Fargo & Co set a $32.00 price target on shares of Genpact and gave the stock a “hold” rating in a research note on Wednesday, November 7th. Zacks Investment Research cut shares of Genpact from a “buy” rating to a “hold” rating in a research note on Monday, September 10th. JPMorgan Chase & Co. cut shares of Genpact from a “neutral” rating to an “underweight” rating and set a $37.00 price target for the company. in a research note on Tuesday, August 14th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $36.00 price target on shares of Genpact in a research note on Wednesday, August 8th. Finally, SunTrust Banks reiterated a “buy” rating and set a $37.00 price objective on shares of Genpact in a report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Genpact currently 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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