CTSH dividend – Cognizant Technology Solutions Corporation Increases Quarterly Dividend by 7.4% to $0.29/Share

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CTSH dividend – Cognizant Technology Solutions ($NASDAQ:CTSH) Corporation recently announced that it is raising its quarterly dividend rate by 7.4% to $0.29 per share. The dividend will be payable on February 28 to shareholders of record on February 17, with the ex-dividend date set for February 16. This is a significant move from the previous dividend of $0.27 per share and expands CTSH’s ongoing effort to reward its shareholders. The dividend scorecard, yield chart and dividend growth of CTSH is also available for reference on the Seeking Alpha website.

This makes CTSH one of the strongest stocks within the technology sector and a good option for investors looking for generous dividend yields. The dividend increase also suggests that CTSH is confident in the future of their business, as well as the potential of the technology industry as a whole. Overall, this increase in dividend is a strong indication of CTSH’s commitment to creating shareholder value. Due to the reliable income stream and potential capital gains, it may be a good opportunity for long-term investors to consider this stock further.

Dividends – CTSH dividend

This news follows their three-year trend of issuing an annual dividend per share of $1.08. This dividend increase is a positive indication that the company’s financial stability is strong and that shareholders can continue to rely on a reliable income stream. To date, Cognizant Technology Solutions is an attractive investment option for investors looking for a reliable dividend-income source.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for CTSH. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for CTSH. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for CTSH. More…

Key Ratios Snapshot

Some of the financial key ratios for CTSH are shown below. More…

Market Price

Despite the slight decrease in stock prices from the prior closing of 67.4 to 67.1, media exposure towards the company’s growth has been quite positive. The company is the fourth-largest IT services provider globally, and this raise signals the prospects of increased cash flows and higher dividend yields for its shareholders. Live Quote…

Analysis

GoodWhale conducted an analysis of COGNIZANT TECHNOLOGY SOLUTIONS’s wellbeing, and our Star Chart showed that the company has a very healthy score of 10/10. This indicates that the company is in a strong position to weather any future crisis, given its strong cash flow and low debt. When looking at COGNIZANT TECHNOLOGY SOLUTIONS’s assets, dividends and profitability, they scored very well. Their growth rate was rated as medium, which implies that they have achieved moderate revenue or earnings growth. Furthermore, their Star Chart categorizes them as a ‘rhino’ company. Given the high wellness score and moderate growth, investors who are looking for steady returns with minimal risk may be interested in investing in COGNIZANT TECHNOLOGY SOLUTIONS. The company’s solid fundamentals and low risk make it an ideal option for those looking for a safe investment opportunity. More…

Peers

Cognizant Technology Solutions Corp is a leading provider of information technology, consulting, and business process outsourcing services. It has a strong presence in India, the United States, and Europe. The company operates in four segments: Banking and Financial Services, Healthcare, Manufacturing, and Retail, Consumer Goods, and Logistics. Cognizant’s competitors include Accenture PLC, Genpact Ltd, Shunliban Information Service Co Ltd, and others.

– Accenture PLC ($NYSE:ACN)

Accenture PLC is a professional services company that provides consulting, technology, and outsourcing services. It has a market cap of 166.38B as of 2022 and a Return on Equity of 26.56%. The company operates in more than 200 countries and employs more than 373,000 people.

– Genpact Ltd ($NYSE:G)

Genpact is a global professional services firm that offers a range of services in the areas of consulting, digital transformation, technology, and operations. The company has a market cap of $8.29 billion and a return on equity of 17.54%. Genpact has a strong focus on digital transformation and offers a range of services that helps businesses to digitally transform their operations. The company has a strong client base and a strong track record in delivering results.

– Shunliban Information Service Co Ltd ($SZSE:000606)

Shunliban Information Service Co Ltd is a Chinese company that provides information services. It has a market cap of 1.34 billion as of 2022 and a return on equity of 130.37%. The company offers services such as data analysis, information management, and online marketing. It also provides software development and consultation services.

Summary

Cognizant Technology Solutions Corporation (CTS) has recently announced an increase in its quarterly dividend by 7.4% to $0.29/share. This is a very positive sign for the company’s financial future and further illustrates the confidence CTS has in its ability to remain profitable. Investors may find increased dividend payments from CTS to be a good indicator of the company’s overall financial health. Furthermore, CTS also offers long-term capital gains and stock buyback programs, which adds further potential for investors.

The recent dividend increase highlights the potential of CTS as an investment opportunity and indicates to investors that the company is performing well. Overall, investing in CTS provides potential investors with an opportunity to benefit from potential gains, while also benefiting from increased dividend payments.