Concentrix Corporation (CNXC) to Issue Quarterly Dividend of $0.36 on May 5th

Concentrix Corporation (NASDAQ:CNXC) announced a quarterly dividend on Tuesday, March 24th. Stockholders of record on Friday, April 24th will be paid a dividend of 0.36 per share on Tuesday, May 5th. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Friday, April 24th.

Concentrix has a payout ratio of 11.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Concentrix to earn $11.46 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 12.6%.

Concentrix Stock Performance

Shares of CNXC opened at $29.55 on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a 50-day moving average of $30.33 and a 200-day moving average of $36.85. The company has a market cap of $1.80 billion, a PE ratio of -1.37, a P/E/G ratio of 0.38 and a beta of 0.50. Concentrix has a one year low of $24.27 and a one year high of $62.14.

Concentrix (NASDAQ:CNXC) last released its quarterly earnings results on Tuesday, March 24th. The company reported $2.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.04). The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.49 billion. Concentrix had a negative net margin of 13.35% and a positive return on equity of 17.80%. Concentrix’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.79 EPS. On average, equities research analysts predict that Concentrix will post 10.42 EPS for the current fiscal year.

Concentrix Company Profile

Concentrix Inc (NASDAQ: CNXC) is a global business services company specializing in customer engagement solutions and technology‐driven business process outsourcing. The firm’s offerings encompass customer care delivered across voice and digital channels, back‐office processing, analytics and consulting, and automated workflow management. By integrating proprietary platforms, strategic partnerships and advanced automation, Concentrix helps clients enhance customer experiences and streamline operations.

Its capabilities extend to digital marketing and technology implementation, leveraging artificial intelligence, machine learning and data analytics to optimize customer journeys.