Science Applications International Corp (SAIC) Announces $0.31 Quarterly Dividend

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.

SAIC has been the topic of several recent research reports. BidaskClub raised shares of Science Applications International from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Cowen reaffirmed a “market perform” rating and issued a $72.00 price objective (down from $75.00) on shares of Science Applications International in a report on Thursday, October 5th. SunTrust Banks reaffirmed a “buy” rating and issued a $93.00 price objective on shares of Science Applications International in a report on Friday, October 6th. Citigroup raised shares of Science Applications International from a “neutral” rating to a “buy” rating in a report on Monday, October 23rd. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $66.00 price objective on shares of Science Applications International in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $82.38.

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.

Dividend History for Science Applications International (NYSE:SAIC)

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