FICO Maintains Dividend Payout - Analyst Blog
May 17 2013 - 7:50AM
Zacks
Leading predictive analytics company Fair Isaac
Corporation (FICO) recently declared a cash dividend of 2
cents per share for the third quarter of fiscal 2013. The dividend
is payable on Jun 12 to shareholders on record of May 28. Based on
the closing price of $50.17 as on May 15, the dividend payout
affirms a yield of 0.16%.
Fair Isaac has been regularly paying quarterly dividends since
1997. The company had earlier increased its quarterly dividend by
50% from 1 cent ($0.01333) to 2 cents per share in May 2004. Prior
to that, the company had raised its quarterly dividend payout in
Jun 2002 from less than a cent per share ($0.00889) to 1 cent
($0.01333).
The company has cash and cash equivalents of $131.15 million as on
Mar 31, 2013. During the last reported quarter, Fair Isaac used
$0.715 million towards dividend payments.
In addition to steady quarterly dividends, Fair Isaac plans to
return significant cash to shareholders through its share
repurchase program. In Aug 2012, the company’s Board of Directors
approved a $150 million stock repurchase program through the open
market or negotiated transaction with no specified deadline.
Headquartered in Minneapolis, Fair Isaac uses analytics to predict
consumer behavior and drive smarter decisions for industries, to
help them advertise their products along with managing
company-specific risks.
Fair Isaac currently carries a Zacks Rank #3 (Hold). We believe
that regular dividend payouts and share repurchases by management
will help boost investor confidence.
Some other stocks within the Computer and Technology sector
worth mentioning are Unisys Corporation (UIS),
Alliance Fiber Optic Products Inc. (AFOP) and
Akamai Technologies, Inc. (AKAM), each carrying a
Zacks Rank #1 (Strong Buy).
ALLIANCE FIBER (AFOP): Free Stock Analysis Report
AKAMAI TECH (AKAM): Free Stock Analysis Report
FAIR ISAAC INC (FICO): Free Stock Analysis Report
UNISYS (UIS): Free Stock Analysis Report
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