DXC Technology to Issue Quarterly Dividend of $0.18 (NYSE:DXC)

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 given a dividend of 0.18 per share on Tuesday, April 17th. This represents a $0.72 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, March 27th.

DXC Technology has a dividend payout ratio of 9.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect DXC Technology to earn $9.04 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%.

How to Become a New Pot Stock Millionaire

Shares of DXC stock opened at $99.76 on Friday. The stock has a market capitalization of $28,500.23, a PE ratio of 32.18, a PEG ratio of 1.05 and a beta of 0.92. DXC Technology has a fifty-two week low of $73.51 and a fifty-two week high of $107.85. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.48.

DXC Technology (NYSE:DXC) last posted its earnings results on Thursday, February 8th. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.99 by $0.16. The firm had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.19 billion. DXC Technology had a return on equity of 17.97% and a net margin of 5.18%. The firm’s revenue for the quarter was up 222.7% on a year-over-year basis. research analysts anticipate that DXC Technology will post 7.86 EPS for the current year.

Several equities analysts have recently weighed in on DXC shares. Deutsche Bank raised their target price on DXC Technology from $90.00 to $100.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Citigroup restated a “buy” rating and issued a $117.00 target price (up previously from $107.00) on shares of DXC Technology in a research report on Thursday, January 18th. KeyCorp lifted their target price on DXC Technology from $107.00 to $116.00 and gave the company an “overweight” rating in a research report on Tuesday, January 9th. ValuEngine raised DXC Technology from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 10th. Finally, BMO Capital Markets lifted their price objective on DXC Technology from $110.00 to $117.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $104.67.

WARNING: “DXC Technology to Issue Quarterly Dividend of $0.18 (NYSE:DXC)” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at https://www.dispatchtribunal.com/2018/04/08/dxc-technology-dxc-announces-0-18-quarterly-dividend.html.

DXC Technology Company Profile

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.

Receive News & Ratings for DXC Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXC Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply