Perspecta Inc. (NYSE:PRSP) Declares $0.07 Quarterly Dividend


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Perspecta Inc. (NYSE:PRSP) declared a quarterly dividend on Monday, November 9th, Zacks reports. Stockholders of record on Tuesday, November 24th will be given a dividend of 0.07 per share on Friday, January 15th. This represents a $0.28 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Monday, November 23rd.

Perspecta has a dividend payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Perspecta to earn $1.80 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 15.6%.

PRSP stock opened at $22.33 on Friday. Perspecta has a fifty-two week low of $14.03 and a fifty-two week high of $29.44. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.73. The stock has a market cap of $3.59 billion, a PE ratio of -5.07 and a beta of 1.32.

Separately, Morgan Stanley increased their target price on Perspecta from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 12th.

Perspecta Company Profile

Perspecta Inc provides enterprise information technology (IT) services to government customers in the United States federal, state, and local markets. The company develops, modernizes, transforms, and manages customers' enterprise application portfolios enabling a shift of IT spend from maintenance and operations to innovation; and offers analytics and data services, as well as research, engineering, consulting, and technology solutions for government, including cybersecurity, cloud, quantum computing, network configuration, and data analytics capabilities.

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