Mantech International Corp (MANT) Declares Quarterly Dividend of $0.27

Mantech International Corp (NASDAQ:MANT) declared a quarterly dividend on Thursday, February 21st, Wall Street Journal reports. Stockholders of record on Friday, March 8th will be paid a dividend of 0.27 per share by the technology company on Friday, March 22nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Thursday, March 7th. This is a positive change from Mantech International’s previous quarterly dividend of $0.25.

Mantech International has increased its dividend payment by an average of 6.0% per year over the last three years. Mantech International has a payout ratio of 48.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Mantech International to earn $2.29 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 43.7%.

Mantech International stock traded down $4.44 during midday trading on Thursday, hitting $54.03. 468,642 shares of the stock were exchanged, compared to its average volume of 125,490. Mantech International has a 52-week low of $48.25 and a 52-week high of $68.11. The stock has a market cap of $2.30 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 3.16 and a beta of 0.93.

Mantech International (NASDAQ:MANT) last posted its quarterly earnings results on Wednesday, February 20th. The technology company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.02). The business had revenue of $497.10 million during the quarter, compared to the consensus estimate of $493.45 million. Mantech International had a net margin of 6.77% and a return on equity of 5.84%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $0.45 EPS. On average, equities analysts predict that Mantech International will post 2.09 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Mantech International from a “hold” rating to a “buy” rating in a research note on Thursday, February 7th. Drexel Hamilton restated a “hold” rating on shares of Mantech International in a report on Wednesday, December 19th. Loop Capital set a $80.00 price objective on shares of Mantech International and gave the stock a “buy” rating in a report on Wednesday, November 14th. Zacks Investment Research lowered shares of Mantech International from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Finally, Cowen restated a “buy” rating and set a $65.00 price objective on shares of Mantech International in a research note on Monday, November 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Mantech International presently has a consensus rating of “Hold” and a consensus target price of $64.63.

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About Mantech International

ManTech International Corporation provides technologies and solutions for mission-critical national security programs worldwide. It offers cyber solutions and services, including security operations, threat intelligence, incident response and forensics, boundary defense, security systems engineering, infrastructure security, and computer forensics and exploitation.

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Dividend History for Mantech International (NASDAQ:MANT)

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