Amdocs Limited (NASDAQ:DOX) Declares Quarterly Dividend of $0.53

Amdocs Limited (NASDAQ:DOX) announced a quarterly dividend on Tuesday, November 11th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.527 per share by the technology company on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, December 31st.

Amdocs has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Amdocs has a dividend payout ratio of 27.6% 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 $2.10 annual dividend with an expected future payout ratio of 30.8%.

Amdocs Price Performance

DOX stock traded down $5.38 during trading hours on Wednesday, hitting $78.58. 2,814,774 shares of the stock traded hands, compared to its average volume of 765,962. The stock has a 50-day simple moving average of $83.49 and a 200 day simple moving average of $87.48. The company has a market cap of $8.87 billion, a P/E ratio of 15.94, a P/E/G ratio of 1.40 and a beta of 0.51. Amdocs has a one year low of $76.50 and a one year high of $95.41. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.23.

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.