Amdocs Limited (NASDAQ:DOX) Plans $0.57 Quarterly Dividend

Amdocs Limited (NASDAQ:DOX) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, September 30th will be paid 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 is Wednesday, September 30th.

Amdocs has raised 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. Equities research 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 Stock Performance

NASDAQ:DOX opened at $55.29 on Thursday. The stock has a market capitalization of $5.97 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 0.99 and a beta of 0.40. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. Amdocs has a 1 year low of $49.74 and a 1 year high of $90.29. The firm has a 50 day moving average of $54.54 and a 200-day moving average of $63.50.

Amdocs (NASDAQ:DOX) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $1.84 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.84. Amdocs had a return on equity of 19.77% and a net margin of 11.81%.The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the firm posted $1.72 EPS. The business’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts anticipate 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.