CGI Group, Inc. (GIB) To Go Ex-Dividend on November 27th

CGI Group, Inc. (NYSE:GIB – Get Free Report) (TSE:GIB.A) announced a quarterly dividend on Tuesday, November 10th. Shareholders of record on Friday, November 27th will be given a dividend of C$0.18 per share by the technology company on Friday, December 18th. This represents a $0.74 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 27th. This is a 8.8% increase from CGI Group’s previous quarterly dividend of C$0.17.

CGI Group has a dividend payout ratio of 7.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect CGI Group to earn $6.95 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 6.9%.

CGI Group Trading Down 1.6%

GIB stock opened at $81.15 on Thursday. The business’s 50 day moving average is $74.36 and its 200-day moving average is $72.18. CGI Group has a 1-year low of $59.63 and a 1-year high of $95.20. The firm has a market cap of $16.80 billion, a P/E ratio of 13.92 and a beta of 0.42. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.28.

CGI Group (NYSE:GIB – Get Free Report) (TSE:GIB.A) last issued its quarterly earnings data on Wednesday, November 11th. The technology company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.01. CGI Group had a net margin of 10.54% and a return on equity of 18.83%. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Equities analysts anticipate that CGI Group will post 6.36 earnings per share for the current fiscal year.

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About CGI Group

(Get Free Report)

CGI Inc., formerly known as CGI Group, is a Canadian information technology and business consulting company founded in 1976 in Montréal. It works with businesses and government organizations to plan, build and operate technology and business systems. The company provides IT and business consulting, systems integration, application development and maintenance, managed IT services, and business process services. Its work also covers areas such as cloud computing, cybersecurity, data analytics and digital transformation.

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Dividend History for CGI Group (NYSE:GIB)

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