Leidos Holdings Inc to Issue Quarterly Dividend of $0.34 (NYSE:LDOS)

Leidos Holdings Inc (NYSE:LDOS) declared a quarterly dividend on Friday, February 14th, RTT News reports. Stockholders of record on Monday, March 16th will be paid a dividend of 0.34 per share by the aerospace company on Thursday, April 2nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.21%.

Leidos has raised its dividend payment by an average of 2.0% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Leidos has a payout ratio of 24.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Leidos to earn $5.45 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 25.0%.

Shares of LDOS traded down $0.29 during mid-day trading on Friday, reaching $112.81. 1,148,234 shares of the company’s stock were exchanged, compared to its average volume of 782,815. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.00. The company has a 50-day simple moving average of $102.64 and a two-hundred day simple moving average of $90.50. Leidos has a 52-week low of $59.73 and a 52-week high of $113.20. The company has a market cap of $16.00 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 2.71 and a beta of 1.50.

A number of brokerages recently issued reports on LDOS. Morgan Stanley raised their target price on shares of Leidos from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Monday, December 23rd. ValuEngine lowered shares of Leidos from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. SunTrust Banks restated a “positive” rating and set a $117.00 target price on shares of Leidos in a research report on Wednesday, February 5th. Wells Fargo & Co raised their target price on shares of Leidos from $102.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Finally, Credit Suisse Group raised their target price on shares of Leidos from $97.00 to $111.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. Leidos presently has a consensus rating of “Hold” and an average price target of $95.42.

Leidos Company Profile

Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

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Dividend History for Leidos (NYSE:LDOS)

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