Cigniti Technologies Limited provides software testing services worldwide. The company offers digital assurance services, such as artificial intelligence, Internet of Things, blockchain, big data and analytics, and mobile testing services, as well as digital assurance and testing, robotic process automation, cloud migration assurance, and 5G assurance services. It also provides quality engineering services, including DevOps testing, compatibility testing, functional testing, performance testing, security testing, regression testing, test automation, and crowdsourced testing. In addition, the company offers enterprise application assurance services comprising medical device testing, ERP testing, and salesforce testing; and test management services, such as agile testing, service virtualization, and test data management; and test advisory and transformation services. It serves the airlines, banking, communications, energy and utilities, financial services, healthcare and life sciences, insurance, logistics, manufacturing, media and entertainment, retail and ecommerce, and travel and hospitality industries. The company was formerly known as Chakkilam Infotech Limited. Cigniti Technologies Limited was incorporated in 1998 and is headquartered in Hyderabad, India.
Cigniti Technologies Dividend Announcement
• Cigniti Technologies announced a semi annually dividend of ₹3.00 per ordinary share which will be made payable on 2023-12-03. Ex dividend date: 2023-11-16
• Cigniti Technologies annual dividend for 2023 was ₹5.50
• Cigniti Technologies's trailing twelve-month (TTM) dividend yield is 0.21%
Cigniti Technologies Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-11-16 | ₹3.00 | semi annually | 2023-12-03 |
2023-06-09 | ₹2.50 | semi annually | 2023-08-15 |
2022-06-16 | ₹2.50 | semi annually | 2022-07-23 |
2021-05-27 | ₹2.50 | semi annually | 2021-07-04 |
Cigniti Technologies Dividend per year
Cigniti Technologies Dividend growth
Cigniti Technologies Dividend Yield
Cigniti Technologies current trailing twelve-month (TTM) dividend yield is 0.21%. Interested in purchasing Cigniti Technologies stock? Use our calculator to estimate your expected dividend yield:
Cigniti Technologies Financial Ratios
Cigniti Technologies Dividend FAQ
Other factors to consider when evaluating Cigniti Technologies as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Cigniti Technologies's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Cigniti Technologies publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Cigniti Technologies distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Cigniti Technologies are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Cigniti Technologies sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Cigniti Technologies distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Cigniti Technologies declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Cigniti Technologies's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Cigniti Technologies's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.