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Here's How Many Shares of Accenture You Should Own to Get $1,000 in Yearly Dividends
ACNAccenture(ACN) The Motley Fool·2024-12-22 11:37

Core Insights - Accenture is significantly investing in the artificial intelligence (AI) market, indicating a strong commitment to this sector [1][2] - The company has formed a dedicated Nvidia Business Group to enhance its AI consultancy services, leveraging its partnership with Nvidia [5] - Generative AI has already contributed 3billioninclientbookingsforAccentureintherecentlyconcluded2024fiscalyear,suggestingpotentialforfurthergrowth[6]AIAdvancement−Accenture′sAIdivisionwillbesupportedbyover30,000employeesreceivingspecializedtraining[2]−ThecompanyispositionedtobenefitfromthegrowingdemandforAIsolutions,whichcouldleadtoincreasedclientbookings[6]FinancialPerformance−Accenturegeneratesapproximately3 billion in client bookings for Accenture in the recently concluded 2024 fiscal year, suggesting potential for further growth [6] AI Advancement - Accenture's AI division will be supported by over 30,000 employees receiving specialized training [2] - The company is positioned to benefit from the growing demand for AI solutions, which could lead to increased client bookings [6] Financial Performance - Accenture generates approximately 8.5 billion annually in free cash flow, which is sufficient to cover its dividend payouts [7] - The total dividend expense for fiscal 2024 was 3.2billion,withanadditional3.2 billion, with an additional 4.5 billion allocated for share repurchases [7] Investment Perspective - Accenture is viewed as a reliable dividend payer, with a requirement of 169 shares to yield 1,000annuallyindividends,costingaround1,000 annually in dividends, costing around 58,820 [4][7] - The company's disciplined financial management and strong cash flow position it well for future growth in the AI sector [8]