Concentrix Corporation (NASDAQ:CNXC) to Issue $0.36 Quarterly Dividend

Concentrix Corporation (NASDAQ:CNXC) declared a quarterly dividend on Monday, June 29th. Shareholders of record on Friday, July 24th will be given a dividend of 0.36 per share on Tuesday, August 4th. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Friday, July 24th.

Concentrix has a dividend payout ratio of 11.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Concentrix to earn $11.46 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 12.6%.

Concentrix Trading Up 0.9%

Shares of CNXC opened at $25.23 on Tuesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.18 and a quick ratio of 1.18. Concentrix has a 1 year low of $22.05 and a 1 year high of $62.14. The company has a 50 day simple moving average of $25.84 and a two-hundred day simple moving average of $32.08. The firm has a market cap of $1.54 billion, a P/E ratio of -1.17, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43.

Concentrix (NASDAQ:CNXC) last released its quarterly earnings data on Monday, June 29th. The company reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.64 by ($0.01). Concentrix had a negative net margin of 13.35% and a positive return on equity of 17.80%. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the business earned $2.70 EPS. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Concentrix has set its FY 2026 guidance at 10.830-11.180 EPS and its Q3 2026 guidance at 2.650-2.770 EPS. On average, equities analysts expect that Concentrix will post 10.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Concentrix news, major shareholder Bruxelles Lambert Groupe sold 6,000,000 shares of Concentrix stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $22.25, for a total value of $133,500,000.00. Following the completion of the transaction, the insider directly owned 2,773,667 shares of the company’s stock, valued at $61,714,090.75. This trade represents a 68.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Andre S. Valentine bought 2,500 shares of Concentrix stock in a transaction dated Thursday, April 9th. The stock was acquired at an average price of $27.95 per share, for a total transaction of $69,875.00. Following the completion of the acquisition, the chief financial officer owned 89,066 shares in the company, valued at approximately $2,489,394.70. The trade was a 2.89% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. lifted its stake in shares of Concentrix by 13.4% in the 2nd quarter. Osaic Holdings Inc. now owns 2,222 shares of the company’s stock valued at $118,000 after purchasing an additional 263 shares during the last quarter. State of Wyoming increased its position in shares of Concentrix by 6.2% during the 4th quarter. State of Wyoming now owns 5,029 shares of the company’s stock valued at $209,000 after purchasing an additional 293 shares during the last quarter. Deutsche Bank AG increased its position in shares of Concentrix by 4.7% during the 4th quarter. Deutsche Bank AG now owns 6,767 shares of the company’s stock valued at $281,000 after purchasing an additional 303 shares during the last quarter. Clearstead Advisors LLC raised its holdings in Concentrix by 26.4% during the 3rd quarter. Clearstead Advisors LLC now owns 1,650 shares of the company’s stock valued at $76,000 after buying an additional 345 shares during the period. Finally, California State Teachers Retirement System raised its holdings in Concentrix by 1.1% during the 2nd quarter. California State Teachers Retirement System now owns 36,387 shares of the company’s stock valued at $1,923,000 after buying an additional 384 shares during the period. Institutional investors own 90.34% of the company’s stock.

Concentrix Company Profile

Concentrix Inc (NASDAQ: CNXC) is a global business services company specializing in customer engagement solutions and technology‐driven business process outsourcing. The firm’s offerings encompass customer care delivered across voice and digital channels, back‐office processing, analytics and consulting, and automated workflow management. By integrating proprietary platforms, strategic partnerships and advanced automation, Concentrix helps clients enhance customer experiences and streamline operations.

Its capabilities extend to digital marketing and technology implementation, leveraging artificial intelligence, machine learning and data analytics to optimize customer journeys.