Science Applications International Corporation (NYSE:SAIC) announced a quarterly dividend on Thursday, October 5th, Wall Street Journal reports. Investors of record on Friday, October 13th will be given a dividend of 0.31 per share by the information technology services provider on Friday, October 27th. This represents a $1.24 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, October 12th.

Science Applications International Corporation has raised its dividend payment by an average of 64.2% per year over the last three years. Science Applications International Corporation has a dividend payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Science Applications International Corporation to earn $3.89 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 31.9%.

Science Applications International Corporation (SAIC) traded up 1.67% during midday trading on Thursday, hitting $69.41. The company had a trading volume of 406,238 shares. The stock has a market capitalization of $3.00 billion, a PE ratio of 19.39 and a beta of 1.60. The stock has a 50 day moving average price of $68.08 and a 200-day moving average price of $72.27. Science Applications International Corporation has a 52 week low of $60.21 and a 52 week high of $89.87.

Science Applications International Corporation (NYSE:SAIC) last announced its earnings results on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). Science Applications International Corporation had a net margin of 3.77% and a return on equity of 48.69%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts predict that Science Applications International Corporation will post $3.61 EPS for the current year.

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A number of research analysts have recently weighed in on SAIC shares. BidaskClub raised Science Applications International Corporation from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Seaport Global Securities reissued a “buy” rating and issued a $80.00 price objective (down from $83.00) on shares of Science Applications International Corporation in a report on Friday, September 8th. Cowen and Company reissued a “hold” rating and issued a $75.00 price objective on shares of Science Applications International Corporation in a report on Friday, September 8th. Jefferies Group LLC lowered Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, ValuEngine lowered Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $78.86.

Science Applications International Corporation 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 Corporation (NYSE:SAIC)

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