Genpact Limited (NYSE:G) Plans $0.15 Quarterly Dividend

Genpact Limited (NYSE:G) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Shareholders of record on Monday, June 10th will be given a dividend of 0.153 per share by the business services provider on Wednesday, June 26th. This represents a $0.61 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Monday, June 10th.

Genpact has increased its dividend payment by an average of 12.1% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Genpact has a payout ratio of 18.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Genpact to earn $2.94 per share next year, which means the company should continue to be able to cover its $0.61 annual dividend with an expected future payout ratio of 20.7%.

Genpact Price Performance

Shares of NYSE:G traded up $0.03 during midday trading on Friday, hitting $31.34. 1,030,108 shares of the stock were exchanged, compared to its average volume of 1,539,912. The stock has a market cap of $5.65 billion, a P/E ratio of 9.14, a PEG ratio of 1.47 and a beta of 1.07. Genpact has a twelve month low of $29.41 and a twelve month high of $42.19. The company has a 50 day moving average price of $32.56 and a 200-day moving average price of $33.94. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.37.

Genpact (NYSE:G) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.03. Genpact had a net margin of 14.10% and a return on equity of 23.19%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.12 billion. On average, research analysts forecast that Genpact will post 2.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. StockNews.com downgraded Genpact from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. lifted their price objective on Genpact from $42.00 to $43.00 and gave the stock an “underweight” rating in a research report on Friday, February 9th. Citigroup reduced their target price on shares of Genpact from $36.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of Genpact in a report on Friday, February 9th. Finally, Mizuho started coverage on shares of Genpact in a research note on Tuesday, January 30th. They set a “neutral” rating and a $40.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Genpact presently has an average rating of “Hold” and an average price target of $39.78.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.