Science Applications International Corp (NYSE:SAIC) declared a quarterly dividend on Thursday, December 14th, Zacks reports. Shareholders of record on Friday, January 12th will be given a dividend of 0.31 per share by the information technology services provider on Friday, January 26th. This represents a $1.24 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Thursday, January 11th.

Science Applications International has increased its dividend payment by an average of 64.2% annually over the last three years. Science Applications International has a dividend payout ratio of 34.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Science Applications International to earn $3.93 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 31.6%.

Science Applications International (SAIC) traded down $1.15 during trading hours on Friday, reaching $76.16. 431,900 shares of the company’s stock were exchanged, compared to its average volume of 324,352. The company has a current ratio of 1.34, a quick ratio of 1.15 and a debt-to-equity ratio of 3.09. The stock has a market cap of $3,306.23, a PE ratio of 20.73, a P/E/G ratio of 4.24 and a beta of 1.60. Science Applications International has a one year low of $60.21 and a one year high of $89.87.

In other news, COO Nazzic S. Keene sold 18,772 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $68.85, for a total value of $1,292,452.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.94% of the company’s stock.

SAIC has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Science Applications International from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 27th. Seaport Global Securities reissued a “buy” rating and issued a $80.00 price objective (down from $83.00) on shares of Science Applications International in a research report on Friday, September 8th. Citigroup raised shares of Science Applications International from a “neutral” rating to a “buy” rating in a research report on Monday, October 23rd. Finally, Vertical Research upgraded shares of Science Applications International from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research note on Friday, December 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target 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.

Dividend History for Science Applications International (NYSE:SAIC)

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