Amdocs Limited (DOX) to Issue Quarterly Dividend of $0.53 on April 25th

Amdocs Limited (NASDAQ:DOX) declared a quarterly dividend on Tuesday, February 4th, Wall Street Journal reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.527 per share by the technology company on Friday, April 25th. This represents a $2.11 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, March 31st. This is a 10.0% increase from Amdocs’s previous quarterly dividend of $0.48.

Amdocs has raised its dividend payment by an average of 10.0% per year over the last three years and has raised its dividend every year for the last 14 years. Amdocs has a payout ratio of 27.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Amdocs to earn $6.82 per share next year, which means the company should continue to be able to cover its $2.11 annual dividend with an expected future payout ratio of 30.9%.

Amdocs Price Performance

DOX stock opened at $90.95 on Friday. The business has a 50 day moving average price of $87.89 and a 200 day moving average price of $87.33. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. The stock has a market cap of $10.27 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 1.47 and a beta of 0.68. Amdocs has a fifty-two week low of $74.41 and a fifty-two week high of $93.34.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.19). Amdocs had a return on equity of 18.89% and a net margin of 10.19%. Equities research analysts anticipate that Amdocs will post 6.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded Amdocs from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $101.20.

About Amdocs

Amdocs Limited, through its subsidiaries, provides software and services worldwide. It designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. The company provides CES23, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; Amdocs Subscription Marketplace, a software-as-a-service-based platform that includes an expansive network of pre-integrated digital services, such as media, gaming, eLearning, sports, and retail to security and business services; the monetization suite for charging, billing, policy, and revenue management; Intelligent networking suite with a set of modular, flexible, and open service lifecycle management capabilities for network automation journeys; amAIz, a telco GenAI framework; Amdocs Digital Brands Suite, a pre-integrated digital business suite; and Amdocs eSIM Cloud for service providers.