Amdocs Limited
DOXTechnology · Stock · quarterly payer
Forward Yield
3.64%
Annual Dividend
$2.28
Payout Ratio
52%
5-Yr Growth
9.9%
Ex-Date
Sep 30, 2026
Frequency
Quarterly
Summary
As of September 2026, Amdocs Limited (DOX) yields 3.64% ($2.28 per share annually), with a blended fair-value estimate of $109.45 — +74% upside, so it screens as undervalued. Dividend safety grade: A (84/100). 12 years of dividend growth.
Is DOX a good dividend stock?
YesAmdocs Limited (DOX) pays a quarterly dividend yielding 3.64% ($2.28/yr), with 12 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 12 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (52%)
- Strong 9.9% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.64%
- Payout Ratio
- 52%
- Annual Dividend
- $2.28
- 5-Yr Avg Growth
- 9.9%
- Ex-Dividend Date
- Sep 30, 2026
- Years of Growth
- 12
- Frequency
- quarterly
- Beta
- 0.42
- Market Cap
- $6.6B
- P/E Ratio
- 14.8
- 5-Yr Total Return
- -17%
- 52-Week Range
- $49.74 – $86.14
- Dividend Safety
- A · 84/100
- Ever Cut?
- No
Frequently Asked Questions
DOX Price — Last 12 Months
Daily close
Price Return
1 Year
-23%
3 Years
-26%
5 Years
-17%
52-Week Range
$49.74 – $86.14
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DOX worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Amdocs Limited is $109.45 per share, versus a market price of $62.91. That implies 74% of upside — a margin of safety of about 43%.
Fair Value
$109.45
Current Price
$62.91
Upside
+74%
Margin of Safety
43%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 14.7% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 14.7% stage-1 growth, 2.5% terminal growth, $4.23 EPS, $2.28 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DOX Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 30, 2026 | — | $0.5690 | regular |
| Mar 31, 2026 | — | $0.5690 | regular |
| Dec 31, 2025 | — | $0.5270 | regular |
| Sep 30, 2025 | — | $0.5270 | regular |
| Jun 30, 2025 | — | $0.5270 | regular |
| Mar 31, 2025 | — | $0.5270 | regular |
| Dec 31, 2024 | — | $0.4790 | regular |
| Sep 30, 2024 | — | $0.4790 | regular |
| Jun 28, 2024 | — | $0.4790 | regular |
| Mar 27, 2024 | — | $0.4790 | regular |
| Dec 28, 2023 | — | $0.4350 | regular |
| Sep 28, 2023 | — | $0.4350 | regular |
| Jun 29, 2023 | — | $0.4350 | regular |
| Mar 30, 2023 | — | $0.4350 | regular |
Income Calculator
At $2.28 / yr per share
