CGI Inc (GIB.A) to Issue Quarterly Dividend of $0.15 on December 20th

CGI Inc (TSE:GIB.A) (NYSE:GIB) announced a quarterly dividend on Wednesday, November 20th,TickerTech Dividends reports. Shareholders of record on Friday, December 20th will be paid a dividend of 0.15 per share on Friday, December 20th. This represents a $0.60 annualized dividend and a yield of 0.40%. The ex-dividend date is Wednesday, November 20th.

CGI Stock Performance

CGI stock opened at C$151.42 on Monday. The stock has a market cap of C$30.86 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The stock has a 50 day moving average of C$155.72 and a 200-day moving average of C$147.22. CGI has a 52 week low of C$132.06 and a 52 week high of C$160.75.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GIB.A shares. National Bankshares increased their target price on CGI from C$175.00 to C$185.00 in a research note on Thursday, August 1st. Canaccord Genuity Group increased their target price on CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th. Raymond James increased their target price on CGI from C$171.00 to C$180.00 in a research note on Thursday, November 7th. TD Securities raised their price objective on CGI from C$160.00 to C$180.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, CIBC upgraded CGI from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from C$155.00 to C$178.00 in a research note on Tuesday, October 15th. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$169.83.

About CGI

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.