Science Applications International Declares $0.37 Quarterly Dividend
Science Applications International Corp (NYSE: SAIC), a government contractor providing IT and engineering services, announced a quarterly cash dividend of $0.37 per share. The dividend is payable April 24, 2026 to shareholders of record as of April 10, 2026.
Science Applications International Corp (NYSE: SAIC), a government contractor providing IT and engineering services, declared a quarterly cash dividend of $0.37 per share. The dividend is payable April 24, 2026 to shareholders of record as of April 10, 2026. Read more dividend announcements.
The board of directors approved the dividend subsequent to the company's fiscal year-end. SAIC indicated it intends to continue paying dividends quarterly, though future declarations will depend on earnings, financial condition, capital requirements and other factors as determined by the board each quarter.
| Dividend Details | Date |
|---|---|
| Amount Per Share | $0.37 |
| Record Date | April 10, 2026 |
| Payment Date | April 24, 2026 |
| Frequency | Quarterly |
Capital Deployment and Financial Performance
For fiscal 2026, SAIC deployed $524 million in capital, consisting of $422 million in share repurchases of approximately 4.0 million shares and $70 million in cash dividends to shareholders. During the fourth quarter alone, the company deployed $122 million, including $97 million in share repurchases and $17 million in dividends.
Operating cash flow for the fiscal year totaled $609 million, an increase of $115 million from the prior year. The improvement was driven by timing of customer collections, lower usage of the company's accounts receivable purchase facility, lower cash taxes paid, and other working capital changes, partially offset by timing of vendor payments.
Diluted earnings per share for fiscal 2026 reached $7.70 compared to $7.17 in the prior year. Adjusted diluted earnings per share was $10.75 versus $9.13 in the prior year. Weighted-average diluted shares outstanding decreased to 46.5 million from 50.5 million in the prior year.
Backlog and Contract Awards
SAIC reported net bookings of approximately $7.8 billion for fiscal 2026, reflecting a book-to-bill ratio of approximately 1.1. Estimated backlog at fiscal year-end stood at approximately $22.6 billion, of which $3.6 billion was funded.
Fourth quarter net bookings totaled approximately $0.6 billion, representing a book-to-bill ratio of approximately 0.3. Notable contract awards during the quarter included $629 million from space and intelligence organizations and a new $95 million contract from the U.S. Government Accountability Office for comprehensive IT solutions.