STOCK TITAN

Leidos Holdings, Inc. Declares Quarterly Cash Dividend

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Leidos Holdings, Inc. (LDOS) has declared a quarterly cash dividend of $0.38 per outstanding share of common stock, payable on March 28, 2024. The dividend is a positive indicator of the company's financial stability and commitment to returning value to its shareholders.
Positive
  • The declaration of a quarterly cash dividend demonstrates the company's strong financial position and commitment to shareholder value.
Negative
  • None.

Insights

The declaration of a quarterly cash dividend by Leidos Holdings, Inc. is a significant event for shareholders and potential investors. This action typically reflects the company's current financial health and its ability to generate adequate cash flow. The amount of $0.38 per share indicates the company's confidence in maintaining a steady stream of income and its commitment to providing shareholder value.

Investors often view such announcements as a positive signal, as regular dividend payments can provide a reliable source of income. Moreover, the consistency and potential growth of dividends over time are seen as markers of a company's stability and maturity. It is also crucial to note the dividend yield, which can be calculated by dividing the annual dividend per share by the stock's current price. This yield is often compared to the yields of other companies in the industry, as well as to fixed income securities, to assess the relative attractiveness of the stock.

Dividend declarations can also influence investor perception and stock market performance. When a company like Leidos Holdings announces a dividend, it can lead to increased investor interest, particularly among those seeking dividend income. This can have a positive effect on the stock's liquidity. From a market research perspective, it is important to evaluate the dividend payout ratio, which is the fraction of net income a firm pays to its shareholders in dividends. The payout ratio helps investors understand if the company is paying out most of its earnings in dividends, which could indicate less reinvestment back into the company's growth, or if it maintains a balance between rewarding shareholders and funding future expansion.

From an economic standpoint, the dividend payout can be reflective of broader economic conditions. In a stable or growing economy, companies may have greater confidence in their financial projections, leading to consistent or increasing dividend payouts. Conversely, in an economic downturn, dividend payments may be reduced as companies conserve cash. The timing and consistency of Leidos Holdings' dividend payments could thus be used as an economic indicator for the sector or even the broader market, especially when analyzed in conjunction with dividend trends across other firms within the same industry.

RESTON, Va., Feb. 8, 2024 /PRNewswire/ -- Leidos Holdings, Inc. (NYSE: LDOS) today announced that its Board of Directors has declared a quarterly cash dividend of $0.38 per outstanding share of common stock of Leidos Holdings, Inc. The cash dividend is payable on March 28, 2024, to stockholders of record as of the close of business on March 15, 2024.

About Leidos

Leidos is a Fortune 500® innovation company rapidly addressing the world's most vexing challenges in national security and health. The company's global workforce of 47,000 collaborates to create smarter technology solutions for customers in heavily regulated industries. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $14.4 billion for the fiscal year ended December 30, 2022. For more information, visit www.leidos.com.

Media contact: 
Melissa Lee Dueñas  
(571) 526-6850
Duenasml@leidos.com 

Investor Relations: 
Stuart Davis
(571) 526-6124
ir@leidos.com 

Cision View original content:https://www.prnewswire.com/news-releases/leidos-holdings-inc-declares-quarterly-cash-dividend-302058015.html

SOURCE Leidos

FAQ

What is the dividend amount declared by Leidos Holdings, Inc. (LDOS)?

The quarterly cash dividend declared by Leidos Holdings, Inc. (LDOS) is $0.38 per outstanding share of common stock.

When is the dividend payable to stockholders of Leidos Holdings, Inc. (LDOS)?

The dividend is payable on March 28, 2024, to stockholders of record as of the close of business on March 15, 2024.

Leidos Holdings, Inc.

NYSE:LDOS

LDOS Rankings

LDOS Latest News

LDOS Stock Data

18.99B
131.91M
1.04%
78.75%
1.43%
Information Technology Services
Services-computer Integrated Systems Design
Link
United States of America
RESTON