Benzinga | Jan 13, 2021 10:20AM EST

Analyzing Science Applications Intl's Ex-Dividend Date

Science Applications Intl (NYSE:SAIC) declared a dividend payable on January 29, 2021 to its shareholders as of December 3, 2020. It was also announced that shareholders of Science Applications Intl's stock as of January 15, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Science Applications Intl is set for January 14, 2021. The company's current dividend payout sits at $0.37, equating to a dividend yield of 1.57% at current price levels.

The Significance Of Ex-Dividend Dates

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Science Applications Intl's Dividend Performance

Over the past year, Science Applications Intl has seen its dividend payouts remain the same and its yields trend downward. Last year on January 16, 2020 the company's payout sat at $0.37, which has returned to its value today. Science Applications Intl's dividend yield last year was 1.78%, which has since decreased by 0.21%.

Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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