CGI Group, Inc. (TSE:GIB) Announces $0.15 Dividend

CGI Group, Inc. (TSE:GIB) declared a dividend on Tuesday, November 5th, Zacks reports. Stockholders of record on Wednesday, November 20th will be paid a dividend of 0.15 per share on Friday, December 20th. The ex-dividend date is Wednesday, November 20th.

CGI Group Stock Performance

CGI Group (TSE:GIB) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.04 by C($0.12). The business had revenue of C$3.66 billion for the quarter, compared to analysts’ expectations of C$3.63 billion.

Analysts Set New Price Targets

GIB has been the subject of several research analyst reports. Cibc World Mkts upgraded shares of CGI Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. UBS Group raised CGI Group to a “hold” rating in a report on Friday, July 19th. Finally, Sanford C. Bernstein raised CGI Group to a “strong-buy” rating in a research note on Thursday, August 1st.

About CGI Group

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada; Western, Southern, Central, and Eastern Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the United States; the United Kingdom; and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.