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Tag Archives: Dividend

Broadcom Strikes $10.7B Cash Deal for Symantec’s Enterprise Security Assets; Rick Hill Quoted

Broadcom (Nasdaq: AVGO) has agreed to acquire Symantec's (Nasdaq: SYMC) enterprise security assets for approximately $10.7B in cash. The transaction includes the acquisition of the Symantec name and is expected to conclude before the end of calendar year 2019, subject to regulatory approvals and other customary closing conditions, Symantec said Thursday.

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McAleese & Associates: HII Reports 10% Growth in Year-to-Date Sales

A report by consulting firm McAleese & Associates says Huntington Ingalls Industries (NYSE: HII) saw its revenue rise 12 percent to $2.1B in the third quarter of 2018 with a year-to-date sales increase of 10 percent. HII posted $290M in Q3 total corporate profit, reflecting a 20 percent increase from the same period last year …

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Reports: Dell Technologies Eyes Public Market Return With VMware Tracking Stock Purchase

Dell Technologies (NYSE: DVMT) said it will buy out VMware’s (NYSE: VMW) tracking stock in a cash-and-stock deal valued at approximately $21.7 billion in a move to go public again without filing for an initial public offering, Reuters reported Monday. Dell will swap 1.3665 shares of its Class C stock, or …

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Huntington Ingalls CEO: Shipbuilder Gains Prime Contract Opportunities Through Camber Purchase

Huntington Ingalls Industries (NYSE: HII) believes its pending $380 million acquisition of Camber Corp. gives the military shipbuilder increased opportunities through prime contract vehicle positions in government services for work previously only available as a subcontractor, HII CEO Mike Petters told investors Thursday. Camber posted $364 million in revenue and holds prime positions on five government-wide …

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Lockheed Eyes Further Share Count Cut Via Leidos Transaction, to Use Cash Dividend for Stock Buyback

Lockheed Martin (NYSE: LMT) envisions further reductions in its outstanding share count after the merger of its information systems and global solutions business into Leidos Holdings (NYSE: LDOS) completes on its scheduled closure date of Aug. 16, Lockheed Chief Financial Officer Bruce Tanner told investors Tuesday. Tanner’s comment to analysts in the company’s second …

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Engility Shareholders OK TASC Deal, Transaction Set to Close Thursday

Shareholders at Engility Holdings (NYSE: EGL) voted Monday to approve the company’s $1.1 billion all-stock acquisition of TASC and the companies have now set the transaction’s closure date for Thursday. Engility said Monday that nearly 99 percent of the outstanding shares represented at the meeting voted to move forward with the …

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Raytheon Issues Dividend to Shareholders

The board of directors at Raytheon (NYSE: RTN) has approved a quarterly cash dividend of 61 cents per share on the company’s common stock. Raytheon said Wednesday that stockholders of record at the close of business on Oct. 1 will receive the dividend Oct 30. The Waltham, Massachusetts-based defense firm …

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COPT Sets Quarterly Dividend at 27 Cents

Corporate Office Properties Trust (NYSE: OFC) shareholders will receive a quarterly dividend of  27.5 cents from the company on Jan. 15, 2014. The COPT board of trustees determined the schedule and made an announcement in a Dec. 5 company release. Quarterly dividends of nearly 46.9 cents for the for the …

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Michael Dell, Silver Lake Wrap Up $25B Buyout of Dell

Michael Dell and global technology investment firm Silver Lake Partners have completed their $24.9 billion acquisition of the company he founded and have started the processing of delisting the company from the NASDAQ stock market. Trading of Dell‘s (NASDAQ: DELL) common stock will cease Tuesday afternoon, more than one month after the company’s …

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SAIC Board Approves 5M Share Buyback Plan; Tony Moraco Comments

Science Applications International Corp.’s (NYSE: SAI) board of directors has approved a plan to repurchase up to 5 million shares of the company’s common stock. SAIC has also declared a cash dividend of 28 cents per outstanding share on the company’s common stock, SAIC said Thursday. Leidos Holdings (NYSE: LDOS) and …

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