Concentrix Corporation dividend yield – CONCENTRIX CORPORATION Announces Quarterly Dividend of $0.30 to Shareholders
April 4, 2024
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CONCENTRIX CORPORATION ($NASDAQ:CNXC), a leading global provider of customer engagement services and technology solutions, has recently announced that it will be providing a quarterly dividend of $0.30 to its shareholders. This decision reflects the company’s continued commitment towards maximizing shareholder value and rewarding them for their investment in the company. Concentrix has a strong track record of delivering consistent returns to its shareholders, and this announcement is a testament to its financial stability and growth. The company has continuously increased its dividend payout over the years, demonstrating its strong financial performance and confidence in its future prospects. As a globally recognized brand, Concentrix has a diverse portfolio of clients across various industries, including technology, retail, healthcare, and financial services. This allows the company to have a stable and resilient business model, even during challenging economic times.
Moreover, Concentrix has a strong cash flow generation ability, which enables the company to not only pay dividends but also invest in new technology and expand its service offerings. The company’s recent acquisition of Convergys Corporation has further strengthened its position in the customer engagement market, setting it up for future growth opportunities. The announcement of a quarterly dividend is also indicative of the company’s confidence in its financial outlook. Despite the current market volatility and uncertainty, Concentrix remains optimistic about its future performance and believes that it has the necessary resources to sustain its dividend payments. With a solid business model, diverse client base, and continuous innovation, Concentrix is well-positioned to continue delivering returns to its shareholders in the long run.
Dividends – Concentrix Corporation dividend yield
Concentrix Corporation, a leading global provider of customer experience solutions, has recently announced its quarterly dividend of $0.30 per share to shareholders. This marks the fourth consecutive year that the company has issued a quarterly dividend, with a yearly dividend of $1.13 per share in the past three years. The decision to issue a quarterly dividend reflects Concentrix’s commitment to creating value for its shareholders. As a company that has consistently delivered strong financial performance, this dividend is a testament to Concentrix’s stability and growth potential. Over the past three years, Concentrix has maintained an annual dividend yield of 0.95%, demonstrating its dedication to providing a steady return to shareholders. This consistent dividend yield is a reflection of the company’s strong financial position and its ability to generate cash flow.
With this latest dividend announcement, Concentrix continues to prioritize its shareholders and their long-term success. By consistently issuing dividends, the company is not only rewarding its shareholders but also strengthening its relationship with them. Looking ahead, Concentrix remains committed to delivering value to its shareholders through sustained financial performance and strategic investments. As the company continues to grow and expand its global presence, shareholders can expect a promising future with potential for further dividend increases. With a strong track record of consistent dividends and a solid financial position, Concentrix remains a reliable choice for investors seeking stable returns.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Concentrix Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 7.11k | 313.84 | 4.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Concentrix Corporation. More…
| Operations | Investing | Financing |
| 684.42 | -1.84k | 1.24k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Concentrix Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.49k | 8.35k | 62.21 |
Key Ratios Snapshot
Some of the financial key ratios for Concentrix Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.7% | 28.9% | 8.6% |
| FCF Margin | ROE | ROA |
| 7.4% | 10.8% | 3.0% |
Share Price
CONCENTRIX CORPORATION, a leading global provider of customer experience solutions, announced on Thursday that it will be paying a quarterly dividend of $0.30 per share to its shareholders. This news comes after the company’s stock opened at $64.9 and closed at $66.2, showing a 1.6% increase from its previous closing price of $65.2. The decision to declare a quarterly dividend reflects the company’s strong financial performance and commitment to providing returns to its shareholders. This marks the company’s sixth consecutive quarter of paying dividends, showcasing its consistent approach to rewarding shareholders. CONCENTRIX CORPORATION’s solid financial position and strong cash flow generation have enabled the company to continue investing in growth initiatives while also returning value to its shareholders. The company remains focused on driving long-term shareholder value through its strategic investments and disciplined capital allocation.
This program is a testament to the company’s confidence in its future growth prospects and its ability to generate strong cash flows. Overall, the announcement of a quarterly dividend is a positive development for CONCENTRIX CORPORATION and its shareholders. With a successful track record of delivering consistent returns, the company continues to position itself as a strong investment opportunity in the customer experience solutions market. Investors can look forward to more updates and initiatives from CONCENTRIX CORPORATION as it continues to drive growth and deliver value for its shareholders. Live Quote…
Analysis – Concentrix Corporation Intrinsic Value Calculation
As an investment analyst at GoodWhale, I have conducted an in-depth analysis of CONCENTRIX CORPORATION‘s fundamentals. Based on our research, we have determined that the intrinsic value of the company’s shares is around $124.7. This valuation was calculated using our proprietary Valuation Line, which takes into account factors such as revenue growth, profitability, and industry trends. At its current trading price of $66.2, CONCENTRIX CORPORATION’s stock is undervalued by approximately 46.9%. This presents an opportunity for investors to purchase the stock at a discounted price and potentially earn a higher return on their investment in the long run. One of the key reasons for CONCENTRIX CORPORATION’s undervaluation is its strong financial performance. The company has shown consistent revenue growth over the years and has maintained a profitable operation. Additionally, it operates in a growing industry, which bodes well for its future prospects. Furthermore, CONCENTRIX CORPORATION has a strong management team with a proven track record of success. They have implemented effective strategies to drive growth and maintain a competitive advantage in the market. This gives us confidence in the company’s ability to continue generating strong returns for shareholders. In conclusion, our analysis shows that CONCENTRIX CORPORATION is currently an undervalued stock with strong fundamentals and potential for future growth. As an investment firm, we believe that this presents a favorable opportunity for investors to consider adding CONCENTRIX CORPORATION to their portfolio. More…
Peers
The company has a strong presence in the US, Europe, and Asia-Pacific regions. Concentrix Corp’s competitors include WidePoint Corp, Oracle Corp Japan, Alithya Group Inc, and other IT outsourcing and customer relationship management companies.
– WidePoint Corp ($NYSEAM:WYY)
As of 2022, WidePoint Corporation’s market capitalization is $22.18 million. The company’s return on equity is -30.85%. WidePoint Corporation is a technology solutions provider that specializes in secure mobility management and enterprise cybersecurity solutions. The company’s products and services enable government agencies and enterprises to deploy and manage mobile devices and applications securely and cost-effectively.
– Oracle Corp Japan ($TSE:4716)
Oracle Corporation Japan is a Japanese subsidiary of Oracle Corporation. It is one of the largest software companies in the world, with a market capitalization of over $1 trillion. The company develops and sells database, middleware, and application software. Oracle Corporation Japan has a return on equity of 37.48%.
– Alithya Group Inc ($TSX:ALYA)
Alithya Group Inc is a global technology and management consulting firm. They offer a comprehensive range of digital, consulting, and managed services to organizations in North America, Europe, and Asia Pacific. They have a market cap of 232M as of 2022 and a Return on Equity of -4.33%. The company has been struggling financially in recent years and has been cutting costs in an attempt to improve their bottom line.
Summary
Concentrix Corporation, a leading global business services company, has declared a quarterly dividend of $0.30 per share. This is an indication of the company’s strong financial performance and commitment to providing value to its shareholders. Investors should take note of this dividend announcement as it demonstrates the company’s ability to generate consistent profits and its confidence in future earnings. Additionally, Concentrix has a solid balance sheet and a diverse range of services, making it a promising investment opportunity.
However, investors should also consider the potential risks of investing in the business services industry and monitor any changes in market trends that may affect the company’s performance.
