Amdocs Limited (DOX) To Go Ex-Dividend on June 30th

Amdocs Limited (NASDAQ:DOX) announced a quarterly dividend on Wednesday, May 13th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.569 per share by the technology company on Friday, July 31st. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 30th.

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 29.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Amdocs to earn $7.25 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 31.3%.

Amdocs Price Performance

Amdocs stock opened at $51.97 on Friday. Amdocs has a 52 week low of $49.79 and a 52 week high of $93.44. The company’s 50 day moving average price is $60.65 and its two-hundred day moving average price is $69.12. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock has a market cap of $5.61 billion, a P/E ratio of 10.39, a P/E/G ratio of 0.90 and a beta of 0.38.

Amdocs (NASDAQ:DOX) last released its 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 company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.17 billion. Amdocs had a return on equity of 19.77% and a net margin of 11.81%.Amdocs’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.78 earnings per share. On average, equities analysts predict that Amdocs will post 6.56 earnings per share for the current 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.