CGI Group, Inc. (NYSE:GIB) Raises Dividend to C$0.18 Per Share

CGI Group, Inc. (NYSE:GIB – Get Free Report) (TSE:GIB.A) announced a quarterly dividend on Tuesday, November 10th. Stockholders of record on Friday, November 27th will be paid a dividend of C$0.18 per share by the technology company on Friday, December 18th. This represents a $0.74 annualized dividend and a dividend yield of 0.9%. The ex-dividend date 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% meaning 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 Stock Down 1.6%

Shares of CGI Group stock traded down $1.36 on Wednesday, reaching $81.15. 952,058 shares of the company were exchanged, compared to its average volume of 472,389. CGI Group has a 1-year low of $59.63 and a 1-year high of $95.20. The company 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 debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.66. The stock’s 50 day moving average price is $74.21 and its 200-day moving average price is $72.22.

CGI Group (NYSE:GIB – Get Free Report) (TSE:GIB.A) last posted its quarterly earnings results on Wednesday, November 11th. The technology company reported $1.65 EPS 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%. As a group, equities analysts forecast that CGI Group will post 6.36 EPS for the current year.

CGI Group News Summary

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CGI Group Company Profile

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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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