Company: G
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001398659-25-000059
Chunk: 68

Company: Genpact LTD
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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During the three months ended March 31, 2024 and 2025, the Company repurchased 864,925 and 1,206,812 of its common shares, respectively, on the open market at a weighted average price of $34.67 and $52.17 per share, respectively, for an aggregate cash amount of $29,985 and $62,963, respectively. All repurchased shares have been retired.  The Company records repurchases of its common shares on the settlement date of each transaction. Shares purchased and retired are deducted to the extent of their par value from common shares and from retained earnings for the excess over par value. Direct costs incurred to acquire the shares are included in the total cost of the shares purchased. For the three months ended March 31, 2024 and 2025, retained earnings were reduced by the direct costs related to share repurchases of $17 and $24, respectively. $584,042 remained available for share repurchases under the Company’s existing share repurchase program as of March 31, 2025. This repurchase program does not obligate the Company to acquire any specific number of shares and does not specify an expiration date. 

34

GENPACT LIMITED AND ITS SUBSIDIARIESNotes to the Consolidated Financial Statements(Unaudited)(In thousands, except per share data and share count)

15. Capital stock (Continued)DividendOn February 8, 2024, the Company announced that its Board had approved an 11% increase in its quarterly cash dividend to $0.1525 per share, up from $0.1375 per share in 2023, representing an annual dividend of $0.61 per common share, up from $0.55 per share in 2023, payable to holders of the Company’s common shares. On March 26, 2024, the Company paid a dividend of $0.1525 per share, amounting to $27,492 in the aggregate, to shareholders of record as of March 11, 2024.On February 6, 2025, the Company announced that its Board had approved an 11% increase in its quarterly cash dividend to $0.17 per share, up from $0.1525 per share in 2024, representing a planned annual dividend of $0.68 per common share, up from $0.61 per share in 2024, payable to holders of the Company