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Cognizant Technology Solutions (Cognizant Technology Solutions) 3-Year Dividend Growth Rate

: 9.60% (As of Dec. 2023)
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Cognizant Technology Solutions's Dividends per Share for the three months ended in Dec. 2023 was $0.29.

The historical rank and industry rank for Cognizant Technology Solutions's 3-Year Dividend Growth Rate or its related term are showing as below:

CTSH' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 6.3   Med: 10.05   Max: 25.1
Current: 9.6

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Cognizant Technology Solutions was 25.10% per year. The lowest was 6.30% per year. And the median was 10.05% per year.

CTSH's 3-Year Dividend Growth Rate is ranked worse than
62.39% of 553 companies
in the Software industry
Industry Median: 13.9 vs CTSH: 9.60

During the past 12 months, Cognizant Technology Solutions's average Dividends Per Share Growth Rate was 7.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Cognizant Technology Solutions's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.25. As of today, Cognizant Technology Solutions's Dividend Yield % is 1.68%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Information Technology Services subindustry, Cognizant Technology Solutions's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cognizant Technology Solutions 3-Year Dividend Growth Rate Distribution

For the Software industry and Technology sector, Cognizant Technology Solutions's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Cognizant Technology Solutions's 3-Year Dividend Growth Rate falls into.



Cognizant Technology Solutions 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Cognizant Technology Solutions  (NAS:CTSH) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Cognizant Technology Solutions's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.29/ 1.18
=0.25

During the past 13 years, the highest Dividend Payout Ratio of Cognizant Technology Solutions was 0.26. The lowest was 0.12. And the median was 0.23.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Cognizant Technology Solutions Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.3002024-02-162024-02-202024-02-28Cash DividendquarterlyUSD:USD 1.000000
USD 0.2902023-11-202023-11-212023-11-30Cash DividendquarterlyUSD:USD 1.000000
USD 0.2902023-08-182023-08-212023-08-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.2902023-05-182023-05-192023-05-30Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Cognizant Technology Solutions's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.17/68.41
=1.71 %

Current Share Price is $68.41.
Cognizant Technology Solutions's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.17.

During the past 13 years, the highest Dividend Yield of Cognizant Technology Solutions was 2.00%. The lowest was 0.21%. And the median was 1.25%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cognizant Technology Solutions 3-Year Dividend Growth Rate Related Terms>


Cognizant Technology Solutions (Cognizant Technology Solutions) Business Description

Traded in Other Exchanges
Address
300 Frank West Burr Boulevard, Suite 36, 6th Floor, Teaneck, NJ, USA, 07666
Cognizant is a global IT services provider, offering consulting and outsourcing services to some of the world's largest enterprises spanning the financial services, media and communications, healthcare, natural resources, and consumer products industries. Cognizant employs nearly 300,000 people globally, roughly 70% of whom are in India, although the company's headquarters are in Teaneck, New Jersey.
Executives
Michael Patsalos-fox director 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666
Mackay Leo S. Jr. director C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP., 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666
Robert C. Walker officer: EVP & Pres, Global Growth Mkts C/O COGNIZANT TECHNOLOGY SOLUTIONS, 300 FRANK W. BURR BOULEVARD, TEANECK NJ 07666
Abraham Schot director C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP, 300 FRANK W. BURR BLVD. STE 36, 6 FL, TEANECK NJ 07666
Zein Abdalla director 700 ANDERSON HILL ROAD, LEGAL DEPARTMENT, 1/2, PURCHASE NY 10577
Maureen Breakiron-evans director C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP., 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666
Kathryn Diaz officer: SVP & Interim Chief People Off 300 FRANK W BURR BLVD, TEANECK NJ 07666
Eric Branderiz director 915 DEGUIGNE DRIVE, PO BOX 3453, SUNNYVALE CA 94088-3453
Nella Domenici director C/O ALLIANCEBERNSTEIN, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Ravi Kumar Singisetti director, officer: Chief Executive Officer 9405 SW GEMINI DRIVE, BEAVERTON OR 97008
Surya Gummadi officer: SVP & Interim Americas Lead C/O COGNIZANT TECHNOLOGY SOLUTIONS, 300 FRANK W. BURR BOULEVARD, TEANECK NJ 07666
Andrew J Stafford officer: EVP, Head of Global Delivery C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP., 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666
Stephen J Rohleder director C/O ACCENTURE, 161 N. CLARK STREET, CHICAGO IL 60601
Rajesh Nambiar officer: President, Digital Business 300 FRANK W. BURR BLVD, STE. 36, 6TH FL., TEANECK NJ 07666
Robert Telesmanic officer: SVP, Cont. & Chief Acct. Offc. COGNIZANT TECHNOLOGY SOLUTIONS CORP., 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666