Cognizant Technology Solutions Corporation (CTSH) to Issue Quarterly Dividend of $0.33 on May 27th

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) announced a quarterly dividend on Wednesday, April 29th. Stockholders of record on Monday, May 18th will be paid a dividend of 0.33 per share by the information technology service provider on Wednesday, May 27th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, May 18th.

Cognizant Technology Solutions has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 6 years. Cognizant Technology Solutions has a payout ratio of 24.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cognizant Technology Solutions to earn $6.20 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 21.3%.

Cognizant Technology Solutions Price Performance

Shares of CTSH opened at $47.13 on Friday. The company has a market cap of $22.33 billion, a P/E ratio of 10.25, a PEG ratio of 0.97 and a beta of 0.81. The stock has a fifty day moving average price of $58.32 and a 200 day moving average price of $70.49. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.23 and a quick ratio of 2.23. Cognizant Technology Solutions has a 12 month low of $45.48 and a 12 month high of $87.03.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, April 29th. The information technology service provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. The firm had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.41 billion. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The firm’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.23 EPS. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. On average, research analysts forecast that Cognizant Technology Solutions will post 5.7 earnings per share for the current year.

About Cognizant Technology Solutions

Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.

Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.