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SAIC Initiates Dividend, Authorizes Stock Repurchase Program

Defense Daily Staff

Friday, October 4th, 2013

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Science Applications International Corp. [SAIC] yesterday said it has initiated a quarterly cash dividend of 28 cents per share and authorized its first share repurchase program. SAIC's Reconfigurable Tactical Operations Simulator. Photo: SAIC The company, which was spun out of Leidos Holdings [LDOS] as part of the two companies’ separation from the “old” SAIC less than a week ago, can repurchase up to 5 million shares of its common stock. SAIC said that there is no end date for the repurchase…

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