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

Amdocs Limited (NASDAQ:DOX) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.569 per share by the technology company on Friday, October 30th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 30th.

Amdocs has increased its dividend by an average of 0.1%annually 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. Analysts expect Amdocs to earn $7.19 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 31.6%.

Amdocs Price Performance

Shares of NASDAQ:DOX opened at $55.29 on Thursday. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 0.99 and a beta of 0.40. The stock’s 50 day moving average is $54.54 and its 200-day moving average is $63.50. Amdocs has a twelve month low of $49.74 and a twelve month high of $90.29. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Amdocs (NASDAQ:DOX) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $1.84 EPS for the quarter, hitting analysts’ consensus estimates of $1.84. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. Amdocs had a return on equity of 19.77% and a net margin of 11.81%.The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.72 EPS. Sell-side analysts forecast that Amdocs will post 6.56 EPS for the current fiscal 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.