Perspecta Inc (PRSP) Announces $0.05 Quarterly Dividend

Perspecta Inc (NASDAQ:PRSP) announced a quarterly dividend on Thursday, November 15th, Wall Street Journal reports. Shareholders of record on Wednesday, December 5th will be given a dividend of 0.05 per share on Tuesday, January 15th. This represents a $0.20 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Tuesday, December 4th.

PRSP opened at $22.01 on Friday. Perspecta has a 12 month low of $19.84 and a 12 month high of $27.68.

Perspecta (NASDAQ:PRSP) last released its quarterly earnings data on Wednesday, November 14th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. The firm’s quarterly revenue was up 51.3% on a year-over-year basis.

Several equities analysts have recently weighed in on PRSP shares. Cowen reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Perspecta in a research note on Thursday, August 2nd. Loop Capital started coverage on Perspecta in a research note on Thursday, August 9th. They issued a “hold” rating and a $23.00 price objective on the stock. Zacks Investment Research raised Perspecta from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Wednesday, August 22nd. Wells Fargo & Co raised Perspecta from a “market perform” rating to an “outperform” rating in a research note on Friday, September 14th. Finally, Stifel Nicolaus started coverage on Perspecta in a research note on Tuesday, October 16th. They issued a “buy” rating and a $35.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $27.60.

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About Perspecta

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