DXC Technology Declares Quarterly Dividend of $0.18 (DXC)

DXC Technology (NYSE:DXC) announced a quarterly dividend on Friday, March 16th, Wall Street Journal reports. Stockholders 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 dividend yield of 0.69%. The ex-dividend date of this dividend is Tuesday, March 27th.

DXC Technology has a payout ratio of 9.6% indicating that its dividend is sufficiently covered by earnings. 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 (DXC) opened at $104.51 on Friday. The company has a market capitalization of $29,837.24, a P/E ratio of 34.15, a PEG ratio of 1.27 and a beta of 0.90. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.99 and a current ratio of 0.99. DXC Technology has a 52 week low of $67.76 and a 52 week high of $107.60.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, February 8th. The company reported $2.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.16. The business 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 company’s revenue for the quarter was up 222.7% compared to the same quarter last year. research analysts expect that DXC Technology will post 7.86 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on DXC shares. BMO Capital Markets reaffirmed a “buy” rating on shares of DXC Technology in a research note on Friday, February 23rd. Zacks Investment Research raised DXC Technology from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research note on Tuesday, February 13th. SunTrust Banks raised DXC Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Citigroup reaffirmed a “buy” rating and issued a $117.00 target price (up previously from $107.00) on shares of DXC Technology in a research note on Thursday, January 18th. Finally, Cowen reaffirmed a “hold” rating and issued a $96.00 target price on shares of DXC Technology in a research note on Wednesday, January 3rd. Four investment 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 company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $103.33.

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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.

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