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

Amdocs Limited (NASDAQ:DOX – Get Free Report) declared a quarterly dividend on Wednesday, May 13th. Stockholders of record on Tuesday, June 30th will be paid 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 increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 14 years. Amdocs has a dividend payout ratio of 29.9% meaning its dividend is sufficiently covered by earnings. Equities 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%.

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Amdocs Price Performance

Shares of NASDAQ DOX opened at $59.93 on Thursday. Amdocs has a twelve month low of $59.40 and a twelve month high of $95.41. 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 company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 1.10 and a beta of 0.40. The business has a 50 day simple moving average of $65.54 and a 200-day simple moving average of $73.80.

Amdocs (NASDAQ:DOX – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.01. The business 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 business’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 EPS. As a group, equities research analysts expect that Amdocs will post 6.64 earnings per share for the current year.

About Amdocs

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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.

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