Leading predictive analytics company
Fair Isaac Corporation
) recently declared a cash dividend of 2 cents per share for the
third quarter of fiscal 2013. The dividend is payable on Jun 12
to shareholders on record of May 28. Based on the closing price
of $50.17 as on May 15, the dividend payout affirms a yield of
Fair Isaac has been regularly paying quarterly dividends since
1997. The company had earlier increased its quarterly dividend by
50% from 1 cent ($0.01333) to 2 cents per share in May 2004.
Prior to that, the company had raised its quarterly dividend
payout in Jun 2002 from less than a cent per share ($0.00889) to
1 cent ($0.01333).
The company has cash and cash equivalents of $131.15 million as
on Mar 31, 2013. During the last reported quarter, Fair Isaac
used $0.715 million towards dividend payments.
In addition to steady quarterly dividends, Fair Isaac plans to
return significant cash to shareholders through its share
repurchase program. In Aug 2012, the company's Board of Directors
approved a $150 million stock repurchase program through the open
market or negotiated transaction with no specified deadline.
Headquartered in Minneapolis, Fair Isaac uses analytics to
predict consumer behavior and drive smarter decisions for
industries, to help them advertise their products along with
managing company-specific risks.
Fair Isaac currently carries a Zacks Rank #3 (Hold). We believe
that regular dividend payouts and share repurchases by management
will help boost investor confidence.
Some other stocks within the Computer and Technology sector
worth mentioning are
Alliance Fiber Optic Products Inc.
Akamai Technologies, Inc
), each carrying a Zacks Rank #1 (Strong Buy).
ALLIANCE FIBER (AFOP): Free Stock Analysis
AKAMAI TECH (AKAM): Free Stock Analysis
FAIR ISAAC INC (FICO): Free Stock Analysis
UNISYS (UIS): Free Stock Analysis Report
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