Genpact Limited (NYSE:G) Announces $0.15 Quarterly Dividend

Genpact Limited (NYSE:G - Get Free Report) announced a quarterly dividend on Friday, October 18th, Wall Street Journal reports. Stockholders of record on Monday, December 9th will be paid a dividend of 0.1525 per share by the business services provider on Monday, December 23rd. This represents a $0.61 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Monday, December 9th.

Genpact has increased its dividend by an average of 12.1% per year over the last three years. Genpact has a dividend payout ratio of 18.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Genpact to earn $3.02 per share next year, which means the company should continue to be able to cover its $0.61 annual dividend with an expected future payout ratio of 20.2%.

Genpact Stock Up 1.2 %

NYSE:G traded up $0.47 during mid-day trading on Friday, hitting $38.95. 632,070 shares of the company's stock traded hands, compared to its average volume of 1,342,133. The company has a fifty day moving average of $38.82 and a 200 day moving average of $34.70. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 1.89. Genpact has a twelve month low of $29.41 and a twelve month high of $39.95. The company has a market capitalization of $7.01 billion, a P/E ratio of 11.13, a P/E/G ratio of 1.63 and a beta of 1.13.

Genpact (NYSE:G - Get Free Report) last released its earnings results on Thursday, August 8th. The business services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Genpact had a net margin of 14.12% and a return on equity of 22.28%. On average, analysts forecast that Genpact will post 2.85 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on G shares. Needham & Company LLC raised their target price on shares of Genpact from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Friday, August 9th. TD Cowen boosted their price objective on Genpact from $35.00 to $36.00 and gave the company a "hold" rating in a report on Friday, August 9th. Jefferies Financial Group raised their target price on Genpact from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Monday, September 9th. Robert W. Baird lifted their price target on Genpact from $38.00 to $44.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. upped their price objective on Genpact from $35.00 to $43.00 and gave the stock a "neutral" rating in a research report on Friday, September 6th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $39.44.

About Genpact

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.