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.

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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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