Maximus, Inc. (NYSE:MMS) Declares Quarterly Dividend of $0.30

Maximus, Inc. (NYSE:MMSGet Free Report) declared a quarterly dividend on Friday, July 5th, Zacks reports. Investors of record on Thursday, August 15th will be given a dividend of 0.30 per share by the health services provider on Saturday, August 31st. This represents a $1.20 annualized dividend and a yield of 1.41%. The ex-dividend date is Thursday, August 15th.

Maximus has raised its dividend by an average of 0.6% annually over the last three years. Maximus has a dividend payout ratio of 19.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Maximus to earn $5.98 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 20.1%.

Maximus Stock Performance

Shares of Maximus stock traded up $0.07 during trading on Friday, hitting $85.32. 248,960 shares of the company’s stock traded hands, compared to its average volume of 281,326. Maximus has a 1 year low of $72.39 and a 1 year high of $90.65. The business has a 50-day simple moving average of $85.57 and a 200-day simple moving average of $83.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market capitalization of $5.19 billion, a P/E ratio of 22.40 and a beta of 0.75.

Maximus (NYSE:MMSGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The health services provider reported $1.57 EPS for the quarter, topping the consensus estimate of $1.31 by $0.26. Maximus had a return on equity of 18.02% and a net margin of 4.58%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. Maximus’s revenue was up 11.7% compared to the same quarter last year. As a group, analysts forecast that Maximus will post 5.79 EPS for the current year.

Maximus Company Profile

(Get Free Report)

Maximus, Inc operates as a provider of government services in the United States and internationally. It operates through three segments: U.S. Federal Services, U.S. Services, and Outside the U.S. The U.S. Services segment offers program eligibility support and enrollment; centralized multilingual customer contact centers, multichannel, and digital self-service options for enrollment; application assistance and independent health plan choice counseling; beneficiary outreach, education, eligibility, enrollment, and redeterminations; and person-centered independent disability, long-term sick, and other health assessments.

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Dividend History for Maximus (NYSE:MMS)

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