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

Maximus, Inc. (NYSE:MMS) announced a quarterly dividend on Monday, October 7th, RTT News reports. Investors of record on Friday, November 15th will be paid a dividend of 0.30 per share by the health services provider on Saturday, November 30th. This represents a $1.20 annualized dividend and a dividend yield of 1.32%.

Maximus has raised its dividend payment by an average of 0.6% per year over the last three years. Maximus has a dividend payout ratio of 20.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Maximus to earn $5.83 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 20.6%.

Maximus Stock Down 0.5 %

Maximus stock opened at $90.77 on Monday. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 23.95 and a beta of 0.76. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.59 and a current ratio of 1.59. Maximus has a fifty-two week low of $72.81 and a fifty-two week high of $93.97. The stock’s fifty day moving average is $89.98 and its two-hundred day moving average is $86.72.

Maximus (NYSE:MMS) last issued its quarterly earnings data on Wednesday, August 7th. The health services provider reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.27. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Maximus had a net margin of 5.59% and a return on equity of 20.91%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. Analysts predict that Maximus will post 6.12 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Michelle F. Link sold 1,363 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $92.56, for a total value of $126,159.28. Following the transaction, the insider now owns 6,567 shares in the company, valued at approximately $607,841.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.40% of the stock is currently owned by insiders.

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.