Company: G
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001398659-25-000059
Chunk: 88

Company: Genpact LTD
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 88
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0.55 per common share in 2023. On March 26, 2024, we paid a dividend of $0.1525 per share, amounting to $27.5 million in the aggregate, to shareholders of record as of March 11, 2024.

On February 6, 2025, our board of directors approved an 11% increase in our quarterly cash dividend from $0.1525 per common share to $0.17 per common share, representing a planned annual dividend of $0.68 per common share for 2025, up from $0.61 per common share in 2024. On March 26, 2025, we paid a dividend of $0.17 per share, amounting to $29.8 million in the aggregate, to shareholders of record as of March 11, 2025.

As of March 31, 2025, $559.1 million of our $561.6 million in cash and cash equivalents was held by our non-Bermuda subsidiaries. $158.2 million of this cash was held by subsidiaries for which we expect to incur and have accrued a deferred tax liability on the repatriation of $111.7 million of retained earnings. $194.3 million of the cash and cash equivalents was held by subsidiaries in jurisdictions where no tax is expected to be imposed upon repatriation. The remaining $206.6 million in cash and cash equivalents held by our subsidiaries is being indefinitely reinvested.

52

As of March 31, 2025, the total authorization under our existing share repurchase program was $2,750.0 million, including $500.0 million approved in the first quarter of 2025, of which $584.0 million remained available as of March 31, 2025. Since our share repurchase program was initially authorized in 2015, we have repurchased 65,976,437 of our common shares at a weighted average price of $32.83 per share, for an aggregate purchase price of $2,166.0 million.

During the three months ended March 31, 2024 and 2025, we repurchased 864,925 and 1,206,812 of our common shares, respectively, on the open market at a weighted average price of $34.67 and $52.17 per share, respectively, for an aggregate purchase price of $30.0 million and $63.0 million,