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Amdocs Limited: Latest Dividend Hike Keeps It Interesting

Feb. 08, 2023 12:01 PM ETAmdocs Limited (DOX)2 Comments

Summary

  • Amdocs reported its 2023 fiscal Q1 earnings, which beat expectations.
  • Strong demand for solutions capturing themes like 5G, network automation, and cloud integration are driving growth and supporting a positive outlook.
  • The company hiked its dividend rate by 10%, which now yields 1.8% on a forward basis.
  • This idea was discussed in more depth with members of my private investing community, Conviction Dossier. Learn More »

video hosting website. movie streaming service. digital photo album.

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Amdocs Ltd. (NASDAQ:DOX) offers software and services specialized for the communications and media industries. The solutions cover everything from the infrastructure side of network development and testing, to analytical tools for critical functions like content delivery and

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This article was written by

Dan Victor, CFA profile picture
18.29K Followers

Dan Victor, CFA is a market professional with more than 15 years of investment management experience across major financial institutions in research, strategy, and trading roles. Dan is the president of Posto Asset Management - a startup investment advisory firm based in Miami Beach, Florida.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (2)

Hagen70 profile picture
Thank you. I might be late to the party but this is going to my watchlist!
moejoe1 profile picture
Just started a position on this hidden gem!
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