Science Applications International Corp (SAIC) To Go Ex-Dividend on January 11th
Science Applications International Corp (NYSE:SAIC) announced a quarterly dividend on Thursday, December 14th, Zacks reports. Shareholders of record on Friday, January 12th will be paid 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 yield of 1.59%. The ex-dividend date of this dividend is Thursday, January 11th.
Science Applications International has raised its dividend by an average of 3.5% annually over the last three years and has raised its dividend every year for the last 2 years. Science Applications International has a 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 $77.99 on Friday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.15 and a current ratio of 1.34. Science Applications International has a 52 week low of $60.21 and a 52 week high of $89.87. The firm has a market capitalization of $3,334.02, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 4.27 and a beta of 1.60.
In other news, COO Nazzic S. Keene sold 18,772 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $68.85, for a total transaction of $1,292,452.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.94% of the company’s stock.
Several equities research analysts have weighed in on the company. Zacks Investment Research raised Science Applications International from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Tuesday, December 12th. Vertical Research raised Science Applications International from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Friday, December 8th. Cowen reissued a “hold” rating and set a $72.00 price objective on shares of Science Applications International in a research note on Friday, December 8th. BidaskClub raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. Finally, Wells Fargo & Co raised Science Applications International from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Science Applications International has an average rating of “Hold” and an average target price of $80.88.
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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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