Leidos (LDOS) Declares $13.64 Special Dividend; 28.8% Yield

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Go back to Leidos (LDOS) Declares $13.64 Special Dividend; 28.8% Yield

Leidos Holdings, Inc. Declares Special Cash Dividend of $13.64 Per Share In Connection With IS&GS Transaction

August 4, 2016 4:30 PM EDT

RESTON, Va., Aug. 4, 2016 /PRNewswire/ -- Leidos Holdings, Inc. (NYSE: LDOS) announced today that its Board of Directors has declared a special cash dividend of $13.64 per outstanding share of Leidos common stock.  The dividend, totaling an aggregate payment of approximately $1.0 billion based on the current number of shares outstanding, is conditioned on the consummation of the previously announced combination of Lockheed Martin's realigned Information Systems & Global Solutions business (IS&GS) with Leidos in a Reverse Morris Trust transaction.  The special dividend is expected to be paid on or about August 22,... More