SAIC Board OKs Plan to Buy Back 5M Shares

SAIC logoScience Applications International Corp.’s (NYSE: SAIC) board of directors has approved a plan to buy back up to 5 million in common shares through an existing program authorized by the board in October 2013.

SAIC said Monday its board has also authorized a cash dividend of 31 cents per share on the company’s common stock.

Shareholders of record at the close of business on Oct. 15 will receive the cash dividend on Oct. 30.

McLean, Va.-based SAIC bought back 3.5 million shares of the approved 5 million shares in 2013.

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