Amdocs Limited (NASDAQ:DOX) to Issue Quarterly Dividend of $0.57

Amdocs Limited (NASDAQ:DOX) declared a quarterly dividend on Wednesday, May 13th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.569 per share by the technology company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Tuesday, June 30th.

Amdocs has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 14 years. Amdocs has a payout ratio of 29.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Amdocs to earn $7.22 per share next year, which means the company should continue to be able to cover its $2.27 annual dividend with an expected future payout ratio of 31.4%.

Amdocs Stock Performance

DOX stock opened at $59.93 on Thursday. The business’s 50-day moving average price is $65.54 and its two-hundred day moving average price is $73.80. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.23. The firm has a market cap of $6.47 billion, a PE ratio of 11.59, a P/E/G ratio of 1.10 and a beta of 0.40. Amdocs has a 1-year low of $59.40 and a 1-year high of $95.41.

Amdocs (NASDAQ:DOX) last posted its earnings results on Thursday, May 14th. The technology company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.01. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.17 billion. Amdocs had a return on equity of 20.19% and a net margin of 12.47%.The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.78 earnings per share. As a group, research analysts forecast that Amdocs will post 6.64 earnings per share for the current year.

About Amdocs

Amdocs (NASDAQ: DOX) is a global software and services provider specializing in solutions for communications, media and entertainment companies. The company designs, develops and integrates revenue management, customer experience and digital services platforms that enable service providers to launch and monetize new offerings, streamline operations and enhance subscriber engagement. Amdocs’ product suite encompasses billing and order management, customer relationship management, digital commerce and network function virtualization, supported by professional services for implementation, integration and managed operations.

Founded in 1982 and structured as a separate public company in 1998, Amdocs has its corporate headquarters in Chesterfield, Missouri, and maintains major development centers in Ra’anana, Israel.