RESTON, Va., Sept. 21, 2015 /PRNewswire/ -- Leidos Holdings, Inc. (NYSE: LDOS) announced today that its Board of Directors has declared a quarterly cash dividend of $0.32 per outstanding share of common stock. The cash dividend is payable on October 30, 2015 to stockholders of record as of the close of business on October 15th, 2015.
In March 2015, the Company announced a change in its fiscal year-end from the Friday nearest the end of January to the Friday nearest the end of December. As a result of this change, Leidos anticipates future quarterly dividends to be paid on or about the 30th day of the last month of each calendar quarter, one month earlier than previously paid, beginning in the fourth quarter of 2015. Payment of the fourth quarter dividend on or about December 30, 2015, instead of January 30, 2016, would result in there being five dividend payments for the calendar year.
The timing, declaration, amount and payment of any future dividends is within the discretion of the Company's board of directors and will depend on many factors, including available cash, estimated cash needs, earnings, financial condition, operating results, capital requirements, as well as limitations in contractual agreements, applicable law, regulatory constraints, industry practice and other business considerations that the board of directors considers relevant. There can be no assurance that dividends in the future will be equal or similar in amount to the amounts described in this press release or that the board of directors will not decide to suspend or discontinue the payment of cash dividends in the future.
About Leidos
Leidos is a science and technology solutions leader working to address some of the world's toughest challenges in national security, health and engineering. The Company's 19,000 employees support vital missions for government and the commercial sector, develop innovative solutions to drive better outcomes and defend our digital and physical infrastructure from 'new world' threats. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $5.06 billion for its fiscal year ended January 30, 2015. For more information, visit www.Leidos.com.
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in the company's Annual Report on Form 10-K for the period ended January 30, 2015, and other such filings that Leidos makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.
CONTACTS:
Investor Relations:
Kelly P. Hernandez
571.526.6404
kelly.p.hernandez@leidos.com
Media Relations:
Melissa Koskovich
(571) 526-6850
Koskovichm@Leidos.com
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SOURCE Leidos Holdings, Inc.
