Convergys Corp (CVG) Plans Quarterly Dividend of $0.07
Convergys Corp (NYSE:CVG) declared a quarterly dividend on Monday, August 11th, Analyst Ratings.Net reports. Stockholders of record on Friday, September 19th will be given a dividend of 0.07 per share on Friday, October 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 1.47%.
A number of analysts have recently weighed in on CVG shares. Analysts at Macquarie raised their price target on shares of Convergys Corp from $20.00 to $25.00 in a research note on Thursday, May 15th. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of Convergys Corp in a research note on Wednesday, May 14th. They now have a $23.00 price target on the stock, up previously from $21.00. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $24.67.
Shares of Convergys Corp (NYSE:CVG) traded up 1.62% during mid-day trading on Monday, hitting $19.40. 417,034 shares of the company’s stock traded hands. Convergys Corp has a one year low of $17.16 and a one year high of $24.43. The stock’s 50-day moving average is $20.52 and its 200-day moving average is $21.03. The company has a market cap of $1.969 billion and a P/E ratio of 40.44.
Convergys Corp (NYSE:CVG) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $736.00 million for the quarter, compared to the consensus estimate of $732.69 million. On average, analysts predict that Convergys Corp will post $1.47 earnings per share for the current fiscal year.
Convergys Corporation (NYSE:CVG) is engaged in customer management.
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