Amdocs Limited
DOXTechnology · Software - Infrastructure · Stock · quarterly payer
Forward Yield
3.63%
Annual Dividend
$2.28
Payout Ratio
52%
5-Yr Growth
9.9%
Ex-Date
Sep 30, 2026
Frequency
Quarterly
Key facts about DOX's dividend
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Amdocs Limited (DOX) has a forward dividend yield of 3.63%, based on an annual dividend of $2.28 per share and a share price of $62.68.
- As of Oct 27, 2026, DOX's dividend safety grade from SmarterDividends is A (85 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Amdocs Limited (DOX) has raised its dividend for 12 consecutive years as of Oct 27, 2026.
- DOX has never cut its regular dividend in the payment history SmarterDividends has on record.
- DOX's most recent ex-dividend date was Sep 30, 2026, for a dividend of $0.57 per share.
- As of Oct 27, 2026, DOX pays out 52% of its trailing 12-month earnings as dividends (its payout ratio).
- DOX's dividend has grown at an average rate of 9.9% a year over the past five years.
- As of Oct 27, 2026, DOX's 3.63% yield is 75% above its five-year average yield of 2.08%.
- As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for DOX is $133.89 per share, 114% above the $62.68 share price, so DOX screens as undervalued.
- Amdocs Limited (DOX) pays its dividend quarterly, 4 times a year.
- Amdocs Limited (DOX) has raised its regular dividend 13 times and cut it 0 times across the 57 payments on record since 2012. Its most recent change was a 8.0% increase to $0.569 per share, going ex-dividend on Mar 31, 2026.
- Amdocs (DOX) has declared its first higher dividend of the year in February in 4 of the last 5 years; its most recent raise, 8.0%, was declared on Feb 3, 2026.
Cite this page
SmarterDividends, "DOX Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/DOX
Summary
As of Oct 27, 2026, Amdocs Limited (DOX) yields 3.63% ($2.28 a year per share), has a dividend safety grade of A (85/100) and has 12 consecutive years of dividend increases on record.
Is DOX a good dividend stock?
YesAmdocs Limited (DOX) pays a quarterly dividend yielding 3.63% ($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
- 3.63%
- 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
- 0.45
- Market Cap
- $6.5B
- P/E Ratio
- 14.9
- 5-Yr Total Return
- -10%
- 52-Week Range
- $49.74 – $85.63
- Dividend Safety
- A · 85/100
- Ever Cut?
- No
DOX dividend raises and cuts
Amdocs Limited (DOX) has raised its regular dividend 13 times and cut it 0 times across the 57 payments on record since 2012. Its most recent change was a 8.0% increase to $0.569 per share, going ex-dividend on Mar 31, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 31, 2026 | Raise | $0.527 → $0.569 | +8.0% |
| Mar 31, 2025 | Raise | $0.479 → $0.527 | +10.0% |
| Mar 27, 2024 | Raise | $0.435 → $0.479 | +10.1% |
| Mar 30, 2023 | Raise | $0.395 → $0.435 | +10.1% |
| Mar 30, 2022 | Raise | $0.360 → $0.395 | +9.7% |
| Mar 30, 2021 | Raise | $0.328 → $0.360 | +9.8% |
| Mar 30, 2020 | Raise | $0.285 → $0.328 | +15.1% |
| Mar 28, 2019 | Raise | $0.250 → $0.285 | +14.0% |
| Mar 28, 2018 | Raise | $0.220 → $0.250 | +13.6% |
| Mar 29, 2017 | Raise | $0.195 → $0.220 | +12.8% |
| Mar 29, 2016 | Raise | $0.170 → $0.195 | +14.7% |
| Mar 27, 2015 | Raise | $0.155 → $0.170 | +9.7% |
Show all 13 changes since 2014
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 27, 2014 | Raise | $0.130 → $0.155 | +19.2% |
Frequently Asked Questions
Is DOX a good dividend stock?
Yes. Amdocs Limited (DOX) pays a quarterly dividend yielding 3.63% ($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.
Is DOX undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, DOX's fair value is about $133.89 versus a $62.68 share price — so it looks undervalued (+114% vs. fair value).
Is DOX's dividend safe?
DOX has a dividend-safety grade of A (85/100), based on its payout coverage, free-cash-flow, 12-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is DOX's fair value?
Our blended fair-value estimate for DOX is about $133.89 per share, roughly 114% above the current $62.68 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is DOX a buy, hold, or sell?
We don't issue formal ratings, but on the data DOX screens as "yes" and undervalued. Amdocs Limited (DOX) pays a quarterly dividend yielding 3.63% ($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. This is research for your own analysis, not investment advice.
Will DOX cut its dividend?
DOX earns a dividend-safety grade of A (85/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does DOX pay a dividend?
Yes. Amdocs Limited pays a quarterly dividend of about $2.28 per share annually, a forward yield of roughly 3.63%.
What is DOX's dividend yield?
As of Oct 27, 2026, DOX's forward dividend yield is 3.63%, based on a $2.28 annual dividend and a $62.68 share price.
What is DOX's dividend per share?
As of Oct 27, 2026, DOX pays $2.28 per share per year, distributed on a quarterly basis.
What is DOX's dividend payout ratio?
As of Oct 27, 2026, DOX's payout ratio is 52% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has DOX grown its dividend?
As of Oct 27, 2026, DOX has increased its dividend for 12 consecutive years.
When is the next DOX ex-dividend date?
As of Oct 27, 2026, DOX's next ex-dividend date hasn't been announced. The most recent was Sep 30, 2026, for $0.57 per share.
DOX Price — Last 12 Months
Daily close
Price Return
1 Year
-18%
3 Years
-25%
5 Years
-10%
52-Week Range
$49.74 – $85.63
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DOX worth?
Undervaluedlow confidenceOur blended fair-value estimate for Amdocs Limited is $133.89 per share, versus a market price of $62.68. That implies 114% of upside — a margin of safety of about 53%.
Fair Value
$133.89
Current Price
$62.68
Upside
+114%
Margin of Safety
53%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
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 -5.9% annual free-cash-flow growth. We model 12.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.0% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $4.21 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
Full DOX dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 30, 2026 | Oct 30, 2026 | $0.5690 | regular |
| Jun 30, 2026 | Jul 31, 2026 | $0.5690 | regular |
| Mar 31, 2026 | Apr 24, 2026 | $0.5690 | regular |
| Dec 31, 2025 | Jan 30, 2026 | $0.5270 | regular |
| Sep 30, 2025 | Oct 31, 2025 | $0.5270 | regular |
| Jun 30, 2025 | Jul 25, 2025 | $0.5270 | regular |
| Mar 31, 2025 | Apr 25, 2025 | $0.5270 | regular |
| Dec 31, 2024 | Jan 31, 2025 | $0.4790 | regular |
| Sep 30, 2024 | Oct 25, 2024 | $0.4790 | regular |
| Jun 28, 2024 | Jul 26, 2024 | $0.4790 | regular |
| Mar 27, 2024 | Apr 26, 2024 | $0.4790 | regular |
| Dec 28, 2023 | Jan 26, 2024 | $0.4350 | regular |
| Sep 28, 2023 | Oct 27, 2023 | $0.4350 | regular |
| Jun 29, 2023 | Jul 28, 2023 | $0.4350 | regular |
Income Calculator
At $2.28 / yr per share
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