Leidos Holdings (LDOS) Declares $0.36 Dividend

Leidos Holdings said on April 28, 2023 that its board of directors declared a regular quarterly dividend of $0.36 per share ($1.44 annualized). Previously, the company paid $0.36 per share.

Shares must be purchased before the ex-div date of June 14, 2023 to qualify for the dividend. Shareholders of record as of June 15, 2023 will receive the payment on June 30, 2023.

At the current share price of $94.32 / share, the stock's dividend yield is 1.53%.

Looking back five years and taking a sample every week, the average dividend yield has been 1.58%, the lowest has been 1.19%, and the highest has been 2.53%. The standard deviation of yields is 0.27 (n=236).

The current dividend yield is 0.18 standard deviations below the historical average.

Additionally, the company's dividend payout ratio is 0.29. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.06%, demonstrating that it has increased its dividend over time.

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What is the Fund Sentiment?

There are 1288 funds or institutions reporting positions in Leidos Holdings. This is an increase of 78 owner(s) or 6.45% in the last quarter. Average portfolio weight of all funds dedicated to LDOS is 0.23%, a decrease of 3.05%. Total shares owned by institutions decreased in the last three months by 2.24% to 124,557K shares. The put/call ratio of LDOS is 0.73, indicating a bullish outlook.

Analyst Price Forecast Suggests 23.68% Upside

As of April 24, 2023, the average one-year price target for Leidos Holdings is 116.65. The forecasts range from a low of 95.95 to a high of $137.55. The average price target represents an increase of 23.68% from its latest reported closing price of 94.32.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Leidos Holdings is 15,355MM, an increase of 6.66%. The projected annual non-GAAP EPS is 7.15.

What are Other Shareholders Doing?

Jpmorgan Chase holds 6,357K shares representing 4.63% ownership of the company. In it's prior filing, the firm reported owning 7,628K shares, representing a decrease of 20.01%. The firm decreased its portfolio allocation in LDOS by 8.00% over the last quarter.

Wellington Management Group Llp holds 4,709K shares representing 3.43% ownership of the company. In it's prior filing, the firm reported owning 5,175K shares, representing a decrease of 9.90%. The firm increased its portfolio allocation in LDOS by 3.02% over the last quarter.

Victory Capital Management holds 4,405K shares representing 3.21% ownership of the company. In it's prior filing, the firm reported owning 4,447K shares, representing a decrease of 0.95%. The firm decreased its portfolio allocation in LDOS by 26.75% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,152K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 4,076K shares, representing an increase of 1.82%. The firm increased its portfolio allocation in LDOS by 13.12% over the last quarter.

Boston Partners holds 4,116K shares representing 3.00% ownership of the company. In it's prior filing, the firm reported owning 4,137K shares, representing a decrease of 0.50%. The firm increased its portfolio allocation in LDOS by 9.69% over the last quarter.

Leidos Holdings Background Information
(This description is provided by the company.)

Leidos is a Fortune 500® information technology, engineering, and science solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The company's 38,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $11.09 billion for the fiscal year ended January 3, 2020.

This story originally appeared on Fintel.