Science Applications International Corporation (NASDAQ:SAIC) Plans Quarterly Dividend of $0.37

Key Points

• Science Applications International Corporation has declared a quarterly dividend of $0.37 per share, with the record date set for October 10th and payment scheduled for October 24th.
• The company reported earnings per share of $1.92 for the last quarter, missing analysts' expectations of $2.14, although it exceeded revenue estimates with $1.88 billion.
• As of the latest trading session, the stock price reached $118.27, and the company has a market capitalization of approximately $5.54 billion.

Science Applications International Corporation (NASDAQ:SAIC - Get Free Report) declared a quarterly dividend on Tuesday, September 2nd, Wall Street Journal reports. Shareholders of record on Friday, October 10th will be given a dividend of 0.37 per share on Friday, October 24th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, October 10th.

Science Applications International Stock Down 1.2%

Shares of SAIC stock traded down $1.29 during trading on Friday, reaching $104.93. 1,028,011 shares of the company's stock were exchanged, compared to its average volume of 399,268. Science Applications International has a twelve month low of $94.68 and a twelve month high of $156.34. The stock has a market capitalization of $4.92 billion, a PE ratio of 12.70 and a beta of 0.49. The business has a fifty day moving average price of $115.42. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.78 and a quick ratio of 0.78.

Science Applications International (NASDAQ:SAIC - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The company reported $3.63 EPS for the quarter, beating the consensus estimate of $2.25 by $1.38. Science Applications International had a net margin of 5.35% and a return on equity of 33.11%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.86 billion.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Science Applications International from a "strong-buy" rating to a "hold" rating in a research report on Saturday, June 7th.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include engineering; technology integration; IT modernization; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions.