Semiannual Dividend: Accenture (ACN)
Management consulting and technology outsourcing giant Accenture (ACN) services a global stable of clients, operating in 200 cities across 54 countries.
This is a Rolodex that includes 89 members of the Fortune Global 100, and 75% of the Fortune 500.
Not bad company to be in.
Accenture keeps growing revenues, with FY2013’s $30 billion up 31% from three years ago. Growth has slowed a bit, but things are still pointed in the right direction. FY2013 revenues were up 2% year-over-year, with Wall Street expecting 3%-plus rev growth in FY14 and 5% in FY15. Earnings growth is slated for an even faster clip.
Accenture’s dividend history is just as impressive, albeit unorthodox. Accenture actually paid annual dividends for a few years before switching to semiannual payouts in 2010. The current 81-cent dividend is more than double its first 2010 payout, and represents a yield of 2.6% on current prices.