CGI Group, Inc. Announces Quarterly Dividend of C$0.17 (NYSE:GIB)

CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) announced a quarterly dividend on Tuesday, July 28th. Investors of record on Friday, August 14th will be paid a dividend of 0.17 per share by the technology company on Friday, September 18th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 14th.

CGI Group has a payout ratio of 7.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CGI Group to earn $7.13 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 7.0%.

CGI Group Trading Up 4.7%

CGI Group stock traded up $3.35 during midday trading on Wednesday, hitting $74.75. 1,631,384 shares of the stock were exchanged, compared to its average volume of 495,761. The company has a fifty day simple moving average of $66.32 and a two-hundred day simple moving average of $72.60. CGI Group has a 52 week low of $59.63 and a 52 week high of $103.04. The stock has a market capitalization of $15.81 billion, a PE ratio of 13.49 and a beta of 0.48. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.28.

CGI Group (NYSE:GIB) (TSE:GIB.A) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.65 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.65. CGI Group had a net margin of 10.26% and a return on equity of 18.72%. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the previous year, the company earned $2.12 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts anticipate that CGI Group will post 6.54 EPS for the current fiscal year.

CGI Group Company Profile

CGI Group Inc is a global information technology and business consulting firm that delivers a broad range of services including IT consulting, systems integration, application development and maintenance, infrastructure and network services, managed IT and business process outsourcing. The company works with clients to design, build and operate IT systems and business solutions, with capabilities spanning cloud and hybrid IT environments, cybersecurity, data analytics and artificial intelligence, digital transformation and enterprise resource planning implementations.

Founded in 1976 in Quebec by Serge Godin and André Imbeau, CGI has grown from a regional systems integrator into a multinational professional services organization.