Cognizant Technology Solutions Corporation (NASDAQ:CTSH) will begin trading ex-dividend on November 18, 2020. The quarterly dividend payment of $ 0.22 per share is scheduled to be paid on November 30, 2020. The dividend yield based on the latest trading day closing price was 1.14 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 18, 2020.
Dividends History
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Cognizant Technology Solutions Corporation recently reported third quarter financial results on October 28, 2020, after market close, the Teaneck based company came out with income for the third quarter of $ 0.97 per share, from the revenue of $ 4,243.00 million. The quarterly earnings down 10.19 percent while revenues shrunk 0.12 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.90 per share from $ 4150.22 million in revenue. The bottom line results beat street analysts by $ 0.07 or 7.78 percent, at the same time, top line results outshined analysts by $ 92.78 million or 2.24 percent.
Stock Performance
On Friday, shares of Cognizant Technology Solutions Corporation has traded high as $ 77.67 and has cracked $ 76.80 on the downward trend, reaching $ 77.19 with volume of 2.68 million shares.
According to the previous trading day, closing price of $ 77.19, representing a 90.50 % increase from the 52 week low of $ 40.01 and a 2.54 % decrease over the 52 week high of $ 78.21.
The company has a market capital of $ 41.27 billion and is part of the Technology sector and Information Technology Services industry.
Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers analytics and artificial intelligence, digital engineering, intelligent process automation, interactive, and hybrid cloud services and solutions; and application development, systems integration, application testing and maintenance, infrastructure, and business process services.
