Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. The company offers customer experience enhancement, robotic process automation, analytics, and AI services in areas, such as digital lending, fraud detection, and next generation payments; the shift towards consumerism, outcome-based contracting, digital health, delivering integrated seamless, omni-channel, and patient-centered experience; and services that drive operational improvements in areas, such as clinical development, pharmacovigilance, and manufacturing, as well as claims processing, enrollment, membership, and billing to healthcare providers and payers, and life sciences companies, including pharmaceutical, biotech, and medical device companies. It also provides solution to manufacturers, retailers and travel and hospitality companies, as well as companies providing logistics, energy and utility services; and digital content, the creation of personalized user experience, and acceleration of digital engineering services to information, media and entertainment, and communications and technology companies. The company was founded in 1994 and is headquartered in Teaneck, New Jersey.
Cognizant Technology Solutions Dividend Announcement
• Cognizant Technology Solutions announced a quarterly dividend of $0.30 per ordinary share which will be made payable on 2024-11-27. Ex dividend date: 2024-11-19
• Cognizant Technology Solutions annual dividend for 2024 was $1.20
• Cognizant Technology Solutions annual dividend for 2023 was $1.16
• Cognizant Technology Solutions's trailing twelve-month (TTM) dividend yield is 1.5%
• Cognizant Technology Solutions's payout ratio for the trailing twelve months (TTM) is 26.47%
• Cognizant Technology Solutions's dividend growth over the last five years (2018-2023) was 3.01% year
Cognizant Technology Solutions Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-19 | $0.30 | quarterly | 2024-11-27 |
2024-08-20 | $0.30 | quarterly | 2024-08-28 |
2024-05-17 | $0.30 | quarterly | 2024-05-29 |
2024-02-16 | $0.30 | quarterly | 2024-02-28 |
2023-11-20 | $0.29 | quarterly | 2023-11-30 |
2023-08-18 | $0.29 | quarterly | 2023-08-29 |
2023-05-18 | $0.29 | quarterly | 2023-05-30 |
2023-02-16 | $0.29 | quarterly | 2023-02-28 |
2022-11-17 | $0.27 | quarterly | 2022-11-29 |
2022-08-18 | $0.27 | quarterly | 2022-08-30 |
2022-05-19 | $0.27 | quarterly | 2022-05-31 |
2022-02-17 | $0.27 | quarterly | 2022-03-01 |
2021-11-18 | $0.24 | quarterly | 2021-11-30 |
2021-08-19 | $0.24 | quarterly | 2021-08-31 |
2021-05-19 | $0.24 | quarterly | 2021-05-28 |
2021-02-17 | $0.24 | quarterly | 2021-02-26 |
2020-11-18 | $0.22 | quarterly | 2020-11-30 |
2020-08-20 | $0.22 | quarterly | 2020-08-31 |
2020-05-19 | $0.22 | quarterly | 2020-05-29 |
2020-02-14 | $0.22 | quarterly | 2020-02-28 |
2019-11-18 | $0.20 | quarterly | 2019-11-29 |
2019-08-21 | $0.20 | quarterly | 2019-08-30 |
2019-05-21 | $0.20 | quarterly | 2019-05-31 |
2019-02-20 | $0.20 | quarterly | 2019-02-28 |
2018-11-19 | $0.20 | quarterly | 2018-11-30 |
2018-08-21 | $0.20 | quarterly | 2018-08-31 |
2018-05-22 | $0.20 | quarterly | 2018-05-31 |
2018-05-21 | $0.20 | quarterly | 2018-05-31 |
2018-02-21 | $0.20 | quarterly | 2018-02-28 |
2017-11-17 | $0.15 | quarterly | 2017-11-30 |
2017-08-18 | $0.15 | quarterly | 2017-08-31 |
2017-05-18 | $0.15 | quarterly | 2017-05-31 |
Cognizant Technology Solutions Dividend per year
Cognizant Technology Solutions Dividend growth
Cognizant Technology Solutions Dividend Yield
Cognizant Technology Solutions current trailing twelve-month (TTM) dividend yield is 1.5%. Interested in purchasing Cognizant Technology Solutions stock? Use our calculator to estimate your expected dividend yield:
Cognizant Technology Solutions Financial Ratios
Cognizant Technology Solutions Dividend FAQ
Other factors to consider when evaluating Cognizant Technology Solutions 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: Cognizant Technology Solutions'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, Cognizant Technology Solutions 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, Cognizant Technology Solutions 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 Cognizant Technology Solutions 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: Cognizant Technology Solutions 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, Cognizant Technology Solutions distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Cognizant Technology Solutions 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 Cognizant Technology Solutions'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 Cognizant Technology Solutions'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.