Mantech International Corp (MANT) Plans Dividend Increase – $0.25 Per Share

Mantech International Corp (NASDAQ:MANT) declared a quarterly dividend on Wednesday, February 21st, RTT News reports. Stockholders of record on Friday, March 9th will be paid a dividend of 0.25 per share by the technology company on Friday, March 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.86%. This is a positive change from Mantech International’s previous quarterly dividend of $0.21.

Mantech International (NASDAQ:MANT) opened at $53.62 on Thursday. Mantech International has a 12-month low of $33.50 and a 12-month high of $55.01. The stock has a market cap of $2,062.73, a P/E ratio of 35.05, a PEG ratio of 3.68 and a beta of 1.04.

In other Mantech International news, insider Judith L. Bjornaas sold 7,500 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $50.79, for a total value of $380,925.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mary K. Bush sold 1,000 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $50.45, for a total transaction of $50,450.00. Following the completion of the sale, the director now owns 7,540 shares in the company, valued at $380,393. The disclosure for this sale can be found here. Company insiders own 22.28% of the company’s stock.

MANT has been the topic of several analyst reports. Wells Fargo & Co increased their price objective on shares of Mantech International from $42.00 to $44.00 and gave the company an “underperform” rating in a report on Wednesday, October 25th. Loop Capital increased their price objective on shares of Mantech International from $45.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Maxim Group increased their price objective on shares of Mantech International from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Cowen restated a “buy” rating and issued a $54.00 price objective on shares of Mantech International in a report on Thursday, November 30th. Finally, Zacks Investment Research lowered shares of Mantech International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $48.86.

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Mantech International Company Profile

ManTech International Corporation provides technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veteran Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other the United States Government customers.

Dividend History for Mantech International (NASDAQ:MANT)

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