Genpact (G) Declares $0.14 Dividend

Genpact said on July 13, 2023 that its board of directors declared a regular quarterly dividend of $0.14 per share ($0.55 annualized). Previously, the company paid $0.14 per share.

Shares must be purchased before the ex-div date of September 7, 2023 to qualify for the dividend. Shareholders of record as of September 8, 2023 will receive the payment on September 26, 2023.

At the current share price of $39.32 / share, the stock's dividend yield is 1.40%.

Looking back five years and taking a sample every week, the average dividend yield has been 1.02%, the lowest has been 0.77%, and the highest has been 1.65%. The standard deviation of yields is 0.16 (n=236).

The current dividend yield is 2.37 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is 0.28. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.41%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 886 funds or institutions reporting positions in Genpact. This is an increase of 18 owner(s) or 2.07% in the last quarter. Average portfolio weight of all funds dedicated to G is 0.41%, an increase of 20.84%. Total shares owned by institutions decreased in the last three months by 1.56% to 215,926K shares. The put/call ratio of G is 0.34, indicating a bullish outlook.

Analyst Price Forecast Suggests 23.36% Upside

As of July 6, 2023, the average one-year price target for Genpact is 48.51. The forecasts range from a low of 41.41 to a high of $58.80. The average price target represents an increase of 23.36% from its latest reported closing price of 39.32.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Genpact is 4,774MM, an increase of 8.70%. The projected annual non-GAAP EPS is 3.06.

What are Other Shareholders Doing?

Wellington Management Group Llp holds 13,795K shares representing 7.49% ownership of the company. In it's prior filing, the firm reported owning 14,001K shares, representing a decrease of 1.49%. The firm decreased its portfolio allocation in G by 2.83% over the last quarter.

Nalanda India Equity Fund holds 13,144K shares representing 7.14% ownership of the company. No change in the last quarter.

Victory Capital Management holds 8,807K shares representing 4.78% ownership of the company. In it's prior filing, the firm reported owning 8,702K shares, representing an increase of 1.19%. The firm decreased its portfolio allocation in G by 38.62% over the last quarter.

Capital International Investors holds 6,632K shares representing 3.60% ownership of the company. In it's prior filing, the firm reported owning 6,391K shares, representing an increase of 3.63%. The firm decreased its portfolio allocation in G by 0.76% over the last quarter.

VETAX - Victory Sycamore Established Value Fund holds 6,039K shares representing 3.28% ownership of the company. No change in the last quarter.

Genpact Background Information
(This description is provided by the company.)

Genpact is a global professional services firm that makes business transformation real. Led by the purpose -- the relentless pursuit of a world that works better for people -- the company drives digital-led innovation and digitally enabled intelligent operations for his clients. Guided by the experience reinventing and running thousands of processes for hundreds of clients, many of them Global Fortune 500 companies, the company drives real-world transformation at scale. Genpact thinks with design, dream in digital, and solve problems with data and analytics. Combining his expertise in end-to-end operations and his AI-based platform, Genpact Cora, focus on the details - all 90,000+ of his. From New York to New Delhi, and more than 30 countries in between, the company connects every dot, reimagine every process, and reinvent the ways companies work. The company knows that reimagining each step from start to finish creates better business outcomes. Whatever it is, Genpact will be there with you - accelerating digital transformation to create bold, lasting results - because transformation happens here.

Additional reading:

• Genpact Reports First Quarter 2023 Results Total revenue of $1.09 billion, Up 2% (4% constant currency)1,2 Data-Tech-AI services revenue of $485 million, Up 4% (6% constant currency)1,2 Digital Operations services revenue of $604 million, Up 0.4% (3%
• Form of 2023 Restricted Share Unit Issuance Agreement for executive officers under the Genpact Limited 2017 Omnibus Incentive Compensation Plan.
• Form of 2023 Performance Share Award Agreement for executive officers under the Genpact Limited 2017 Omnibus Incentive Compensation Plan.
• Amendment 2022-1 to the Genpact LLC Executive Deferred Compensation Plan.
• Subsidiaries of the Registrant.

This story originally appeared on Fintel.