Accenture plc (ACN) will raise its quarterly dividend by 10.0 percent to 88 cents per share in 2020. Last year the it services company hiked its dividend by 9.6 percent to 80 cents per share quarterly. Accenture moved from a semi-annual to a quarterly schedule for dividend payments in fiscal 2020.
The next dividend will be paid on November 13, 2020 to shareholders of record on October 13, 2020. The new annual rate of $3.52 per share yields 1.6% at a stock price of $214.63.
After this latest dividend increase Accenture will pay its shareholders an estimated annual dividend amount of $2.33 billion. This compares to a current market cap of $136 billion for the company.
Accenture has been raising its dividend for sixteen consecutive calendar years with five double digit dividend hikes in the last decade. The company also announced four increases of more than 9.5 percent since 2011, with the smallest dividend hike of 7.8 percent and the biggest increase of 50.0 percent in 2011.
Accenture plc provides management and technology consulting services. The company serves clients in a broad range of industries and in three geographic regions: North America, Europe and Growth Markets (Asia Pacific, Latin America, Africa and the Middle East). Accenture's five operating groups are organized by industry: Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources. Accenture's Products operating group serves a set of increasingly interconnected consumer-relevant industries. Resources serves the chemicals, energy, forest products, metals and mining, utilities and related industries. In 2019 Accenture switched from a semi-annual to a quarterly dividend payment.