Exelis Inc. Plans Quarterly Dividend of $0.10 (XLS)
Exelis (NYSE:XLS) announced a quarterly dividend on Friday, February 21st, AnalystRatingsNetwork.com reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.1033 per share on Tuesday, April 1st. This represents a $0.41 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Wednesday, March 12th.
A number of analysts have recently weighed in on XLS shares. Analysts at Cowen and Company initiated coverage on shares of Exelis in a research note on Wednesday, January 22nd. They set an “outperform” rating and a $23.00 price target on the stock. On the ratings front, analysts at RBC Capital raised their price target on shares of Exelis from $18.00 to $20.00 in a research note on Thursday, December 19th. They now have an “outperform” rating on the stock. Finally, analysts at Drexel Hamilton upgraded shares of Exelis from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. They now have a $20.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $18.14.
Shares of Exelis (NYSE:XLS) traded down 0.25% on Friday, hitting $20.25. 588,041 shares of the company’s stock traded hands. Exelis has a 52-week low of $10.08 and a 52-week high of $21.36. The stock’s 50-day moving average is $19.53 and its 200-day moving average is $17.1. The company has a market cap of $3.824 billion and a P/E ratio of 13.45.
Exelis Inc (NYSE:XLS) is engaged in Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) related products and systems and information and technical services, which the Company supplies to military, government and commercial customers in the United States and globally.
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