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

Maximus, Inc. (NYSE:MMS) declared a quarterly dividend on Friday, July 5th, Zacks reports. Stockholders 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 dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, August 15th.

Maximus has increased its dividend payment by an average of 0.6% per year over the last three years. Maximus has a payout ratio of 19.6% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance

Maximus stock opened at $85.95 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.53 and a current ratio of 1.53. The company’s 50 day simple moving average is $88.02 and its 200-day simple moving average is $84.74. Maximus has a 1 year low of $72.39 and a 1 year high of $93.97. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 22.56 and a beta of 0.75.

Maximus (NYSE:MMS) last announced its earnings results on Wednesday, August 7th. The health services provider reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.27. Maximus had a net margin of 4.58% and a return on equity of 18.02%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm earned $0.78 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, equities research analysts expect that Maximus will post 5.79 earnings per share for the current year.

About Maximus

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.