Perspecta Inc (PRSP) to Issue Quarterly Dividend of $0.05 on January 15th

Perspecta Inc (NASDAQ:PRSP) declared a quarterly dividend on Thursday, November 15th, Wall Street Journal reports. Stockholders of record on Wednesday, December 5th will be given a dividend of 0.05 per share on Tuesday, January 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Tuesday, December 4th.

Shares of PRSP stock opened at $21.11 on Monday. Perspecta has a fifty-two week low of $19.60 and a fifty-two week high of $27.68.

Perspecta (NASDAQ:PRSP) last announced its earnings results on Wednesday, November 14th. The company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. The firm’s quarterly revenue was up 51.3% compared to the same quarter last year.

PRSP has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Perspecta from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, August 22nd. Cowen reiterated a “buy” rating and issued a $30.00 price target on shares of Perspecta in a research report on Thursday, November 15th. Loop Capital initiated coverage on Perspecta in a research report on Thursday, August 9th. They issued a “hold” rating and a $23.00 price target for the company. Stifel Nicolaus initiated coverage on Perspecta in a research report on Tuesday, October 16th. They issued a “buy” rating and a $35.00 price target for the company. Finally, Wells Fargo & Co upgraded Perspecta from a “market perform” rating to an “outperform” rating in a research report on Friday, September 14th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $27.60.

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About Perspecta

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