Concentrix Raises Quarterly Dividend From $0.2750 To $0.3025
Portfolio Pulse from Benzinga Newsdesk
Concentrix has increased its quarterly dividend from $0.2750 to $0.3025 per share, payable on November 7, 2023. The company also repurchased 0.3 million shares in Q3 at a cost of $27.0 million, with a remaining share repurchase authorization of $312.1 million.
September 27, 2023 | 8:19 pm
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POSITIVE IMPACT
Concentrix's increased dividend and ongoing share repurchase program may attract investors, potentially leading to a short-term increase in stock price.
Dividend increases and share repurchases are generally seen as positive signals by investors, as they indicate a company's confidence in its financial health. This could lead to increased demand for Concentrix's shares, potentially driving up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100