LONDON, UK / ACCESSWIRE / February 20, 2018 / Active-Investors has a free review on Cognizant Technology Solutions Corp. (NASDAQ: CTSH) ("Cognizant") following the Company's announcement that it will begin trading ex-dividend on February 21, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on February 20, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on CTSH:
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Dividend Declared
On February 07, 2018, the Company declared a quarterly cash dividend of $0.20 per share on Cognizant Class A Common Stock for shareholders of record at the close of business on February 22, 2018. The recent dividend is 33% higher compared to its previous dividend of $0.15 per share and will be payable on February 28, 2018.
Cognizant's indicated dividend represents a yield of 1.00% compared to the average dividend yield of 1.26% for the Technology sector.
Dividend Insight
Cognizant has a dividend payout ratio of 19.0%, which denotes that the Company spends approximately $0.19 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Cognizant is forecasted to report earnings of $5.09 per share for the next year, which is more than six times compared to the Company's annualized dividend of $0.80 per share.
As of December 31, 2017, Cognizant's cash and cash equivalents totaled $1.93 billion compared to $2.03 billion as on December 31, 2016. For the three months ended December 31, 2017, the Company's net cash provided by operating activities totaled $836 million compared to cash from operating activities of $604 million. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Recent Development for Cognizant
On February 07, 2018, Cognizant announced the formation of a new non-profit foundation to support STEM (Science, Technology, Engineering, and Math) and digital education and skills initiatives for US workers and students. The foundation will be established with an initial grant of $100 million.
Cognizant is one of the largest technology employers in America. In 2017, Cognizant added more than 6,000 US workers and plans to expand its US workforce by adding more than 25,000 personnel over the next five years. The grant to the new foundation is a result of anticipated benefits due to recent changes in US tax laws.
About Cognizant Technology Solutions Corp.
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating and technology models for the digital era. The Company's unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. Headquartered in Teaneck, New Jersey, Cognizant is ranked 205 on the Fortune 500 and is consistently listed among the most admired companies in the world.
Stock Performance Snapshot
February 16, 2018 - At Friday's closing bell, Cognizant's stock slightly declined 0.52%, ending the trading session at $80.95.
Volume traded for the day: 4.62 million shares, which was above the 3-month average volume of 3.94 million shares.
Stock performance in the last month - up 5.47%; previous three-month period - up 9.26%; past twelve-month period - up 39.33%; and year-to-date - up 13.98%
After last Friday's close, Cognizant's market cap was at $47.98 billion.
Price to Earnings (P/E) ratio was at 32.15.
The stock has a dividend yield of 0.99%.
The stock is part of the Technology sector, categorized under the Business Software & Services industry.
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