MAXIMUS, Inc. (MMS) Declares Quarterly Dividend of $0.05

MAXIMUS, Inc. (NYSE:MMS) announced a quarterly dividend on Thursday, January 11th, RTT News reports. Investors of record on Thursday, February 15th will be given a dividend of 0.045 per share by the health services provider on Wednesday, February 28th. This represents a $0.18 annualized dividend and a yield of 0.25%.

MAXIMUS has decreased its dividend by an average of 9.1% per year over the last three years. MAXIMUS has a payout ratio of 5.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect MAXIMUS to earn $3.33 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 5.4%.

MAXIMUS (MMS) opened at $72.04 on Friday. The stock has a market cap of $4,690.00, a P/E ratio of 22.73, a PEG ratio of 2.67 and a beta of 1.34. MAXIMUS has a 1 year low of $51.74 and a 1 year high of $72.54.

In other news, General Counsel David Francis sold 3,900 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $63.97, for a total value of $249,483.00. Following the transaction, the general counsel now owns 15,090 shares in the company, valued at approximately $965,307.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Russell A. Beliveau sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $64.30, for a total transaction of $96,450.00. Following the completion of the transaction, the director now owns 40,329 shares in the company, valued at approximately $2,593,154.70. The disclosure for this sale can be found here. Insiders sold a total of 71,417 shares of company stock worth $4,902,785 in the last 90 days. Corporate insiders own 3.10% of the company’s stock.

A number of research analysts have recently issued reports on MMS shares. Zacks Investment Research upgraded shares of MAXIMUS from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research report on Wednesday, October 4th. Canaccord Genuity restated a “buy” rating on shares of MAXIMUS in a research report on Wednesday, December 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $64.33.

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MAXIMUS Company Profile

MAXIMUS, Inc provides business process services (BPS) to government health and human services agencies. The Company operates through three segments: U.S. Federal Services, Health Services and Human Services. The U.S. Federal Services segment provides BPS and program management for large government programs, independent health review and appeals services for both the United States Federal Government, and state-based programs and technology solutions for civilian federal programs.

Dividend History for MAXIMUS (NYSE:MMS)

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