Accenture plc has declared a semi-annual cash dividend of $0.81 per share on Accenture plc Class A ordinary shares for shareholders of record at the close of business on April 12, 2013, and Accenture SCA will declare a semi-annual cash dividend of $0.81 per share on Accenture SCA Class I common shares for shareholders of record at the close of business on April 9, 2013. These dividends are both payable on May 15, 2013.
Combined with the semi-annual cash dividend of $0.81 per share paid on Nov. 15, 2012, this will bring the total dividend payments for the fiscal year to $1.62 per share, for total projected cash dividend payments of approximately $1.1 billion.
Share Repurchase Activity
During the second quarter of fiscal 2013, Accenture repurchased or redeemed 8.8 million shares, including 5.5 million shares repurchased in the open market, for a total of $609 million. This brings Accenture’s total share repurchases and redemptions for the first half of fiscal 2013 to 12.1 million shares, including 6.1 million shares repurchased in the open market, for a total of $830 million.
Accenture’s total remaining share repurchase authority at Feb. 28, 2013 was approximately $3.6 billion.
At Feb. 28, 2013, Accenture had approximately 693 million total shares outstanding, including 650 million Accenture plc Class A ordinary shares and 43 million Accenture SCA Class I common shares and Accenture Canada Holdings Inc. exchangeable shares.
Third Quarter Fiscal 2013
Accenture expects net revenues for the third quarter of fiscal 2013 to be in the range of $7.25 billion to $7.50 billion. This range assumes a foreign-exchange impact of negative 2.5 percent compared with the third quarter of fiscal 2012.
Full Fiscal Year 2013
For fiscal 2013, the company now expects net revenue growth to be in the lower half of its previously guided range of 5 percent to 8 percent in local currency.