Science Applications Int'l (SAIC) Declares $0.31 Quarterly Dividend; Approves 5M Share Common Buyback

Science Applications Int'l (NYSE: SAIC) declared a quarterly dividend of $0.31 per share, or $1.24 annualized.

The dividend will be payable on October 30, 2015, to stockholders of record on October 15, 2015, with an ex-dividend date of October 13, 2015.

The annual yield on the dividend is 3 percent.

SAIC announced that its Board of Directors authorized the repurchase of up to 5 million shares of the company's common stock under an existing stock repurchase program. SAIC's Board of Directors initially approved the stock repurchase program in October 2013 under which the company repurchased approximately 3.5 million shares of the 5 million shares authorized. The current authorization in September 2015 replenishes the repurchase program by approximately 3.5 million shares in order to make available for repurchase again an aggregate of 5 million shares. Whether any repurchases are made and the timing and actual number of shares repurchased will depend on a variety of factors, including price, corporate, contractual and regulatory requirements and other market conditions.

For a dividend history and other dividend-related data on Science Applications Int'l (SAIC) click here.

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