DXC Technology (NYSE:DXC) announced a quarterly dividend on Friday, March 16th, Wall Street Journal reports. Shareholders of record on Wednesday, March 28th will be paid a dividend of 0.18 per share on Tuesday, April 17th. This represents a $0.72 annualized dividend and a yield of 0.69%. The ex-dividend date is Tuesday, March 27th.
DXC Technology has a payout ratio of 9.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect DXC Technology to earn $9.03 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 8.0%.
Shares of DXC Technology (NYSE DXC) traded up $0.07 on Friday, reaching $104.51. 2,134,441 shares of the company’s stock traded hands, compared to its average volume of 1,688,297. DXC Technology has a twelve month low of $67.76 and a twelve month high of $107.60. The stock has a market capitalization of $29,808.67, a price-to-earnings ratio of 34.15, a PEG ratio of 1.26 and a beta of 0.90. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.48.
DXC Technology (NYSE:DXC) last announced its earnings results on Thursday, February 8th. The company reported $2.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.16. DXC Technology had a net margin of 5.18% and a return on equity of 17.97%. The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.19 billion. The company’s quarterly revenue was up 222.7% compared to the same quarter last year. analysts anticipate that DXC Technology will post 7.86 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on DXC shares. Zacks Investment Research downgraded shares of DXC Technology from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Barclays raised their target price on shares of DXC Technology from $108.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, November 21st. Morgan Stanley raised their target price on shares of DXC Technology from $104.00 to $114.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. KeyCorp raised their target price on shares of DXC Technology from $107.00 to $116.00 and gave the company an “overweight” rating in a research note on Tuesday, January 9th. Finally, Deutsche Bank raised their target price on shares of DXC Technology from $90.00 to $100.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $103.33.
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About DXC Technology
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.
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