Booz Allen Hamilton Holding Corporation (BAH) Announces Dividend Increase – $0.17 Per Share

Booz Allen Hamilton Holding Corporation (NYSE:BAH) declared a quarterly dividend on Monday, August 7th, Fidelity reports. Shareholders of record on Monday, August 14th will be given a dividend of 0.17 per share by the business services provider on Thursday, August 31st. This represents a $0.68 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, August 10th. This is an increase from Booz Allen Hamilton Holding Corporation’s previous quarterly dividend of $0.13.

Booz Allen Hamilton Holding Corporation has raised its dividend by an average of 15.4% annually over the last three years and has increased its dividend every year for the last 4 years. Booz Allen Hamilton Holding Corporation has a dividend payout ratio of 35.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Booz Allen Hamilton Holding Corporation to earn $2.03 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 33.5%.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) traded up 0.51% during trading on Friday, reaching $33.68. 861,694 shares of the company’s stock traded hands. The firm has a 50 day moving average of $33.58 and a 200 day moving average of $35.30. The firm has a market capitalization of $5.01 billion, a PE ratio of 19.32 and a beta of 1.31. Booz Allen Hamilton Holding Corporation has a 1-year low of $29.55 and a 1-year high of $39.67.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last released its quarterly earnings results on Monday, August 7th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.06. Booz Allen Hamilton Holding Corporation had a net margin of 4.50% and a return on equity of 48.35%. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities analysts forecast that Booz Allen Hamilton Holding Corporation will post $1.92 EPS for the current year.

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In other Booz Allen Hamilton Holding Corporation news, insider Karen M. Dahut sold 36,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $34.02, for a total transaction of $1,224,720.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Joseph W. Mahaffee sold 120,000 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $38.25, for a total transaction of $4,590,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 275,140 shares of company stock valued at $10,449,801. 3.04% of the stock is owned by insiders.

An institutional investor recently raised its position in Booz Allen Hamilton Holding Corporation stock. The Manufacturers Life Insurance Company increased its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 8.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,603 shares of the business services provider’s stock after buying an additional 347 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Booz Allen Hamilton Holding Corporation were worth $150,000 at the end of the most recent reporting period. 90.88% of the stock is owned by institutional investors and hedge funds.

Several research firms recently issued reports on BAH. BidaskClub raised shares of Booz Allen Hamilton Holding Corporation from a “hold” rating to a “buy” rating in a research report on Friday. Cowen and Company reaffirmed a “buy” rating and set a $41.00 price target on shares of Booz Allen Hamilton Holding Corporation in a research report on Monday, August 7th. Jefferies Group LLC cut shares of Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a research report on Monday, July 17th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $40.00 price target (down from $43.00) on shares of Booz Allen Hamilton Holding Corporation in a research report on Friday, June 16th. Finally, Bank of America Corporation cut shares of Booz Allen Hamilton Holding Corporation from a “buy” rating to a “neutral” rating in a research report on Friday, June 16th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $37.35.

Booz Allen Hamilton Holding Corporation Company Profile

Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.

Dividend History for Booz Allen Hamilton Holding Corporation (NYSE:BAH)

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