Science Applications International Corp (NYSE:SAIC) announced a quarterly dividend on Thursday, December 14th, Zacks reports. Stockholders of record on Friday, January 12th will be given a dividend of 0.31 per share by the information technology services provider on Friday, January 26th. This represents a $1.24 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Thursday, January 11th.
Science Applications International has increased its dividend by an average of 3.5% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Science Applications International has a dividend payout ratio of 34.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Science Applications International to earn $3.94 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 31.5%.
Shares of Science Applications International (NYSE SAIC) opened at $78.44 on Wednesday. The company has a market cap of $3,350.00, a price-to-earnings ratio of 21.49, a PEG ratio of 4.27 and a beta of 1.61. The company has a quick ratio of 1.15, a current ratio of 1.34 and a debt-to-equity ratio of 3.09. Science Applications International has a twelve month low of $60.21 and a twelve month high of $89.87.
In related news, COO Nazzic S. Keene sold 18,772 shares of the stock in a transaction on Friday, October 13th. The shares were sold at an average price of $68.85, for a total transaction of $1,292,452.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.94% of the company’s stock.
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Science Applications International Company Profile
Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies.
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