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Convergys hikes dividend, maintains adjusted EPS growth outlook for '16

ConvergysCorp.'s board approved a 13% increase in the quarterly dividend to9 cents per share.

The dividend is payable July 8 to shareholders of record atthe close of business on June 24.

The company continues to expect adjusted EPS growth of 5% to 8% in 2016.

Constant currency revenue growth for the year is nowexpected to be flat, compared to its earlier guidance of 1% growth.

The company also reported first-quarter non-GAAP adjustedincome from continuing operations, net of tax, of $51.6 million, or 50 centsper share, compared with $49.8 million, or 47 cents per share, in the year-agoquarter.

The S&P Capital IQ consensus normalized EPS estimate forthe quarter was 45 cents.