Booz Allen Hamilton Holding Corporation (NYSE:BAH) declared a dividend on Monday, August 7th, Fidelity reports. Shareholders of record on Monday, August 14th will be paid a dividend of 0.17 per share by the business services provider on Thursday, August 31st. The ex-dividend date of this dividend is Thursday, August 10th. This is a positive change from Booz Allen Hamilton Holding Corporation’s previous dividend of $0.13.

Booz Allen Hamilton Holding Corporation has increased its dividend payment by an average of 15.4% per year over the last three years and has raised its dividend every year for the last 4 years. Booz Allen Hamilton Holding Corporation has a dividend payout ratio of 36.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Booz Allen Hamilton Holding Corporation to earn $2.04 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 33.3%.

Booz Allen Hamilton Holding Corporation (BAH) opened at 34.61 on Monday. The firm’s 50-day moving average price is $33.73 and its 200 day moving average price is $35.48. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 20.79 and a beta of 1.31. Booz Allen Hamilton Holding Corporation has a one year low of $29.55 and a one year high of $39.67.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last announced its quarterly earnings data on Monday, May 22nd. The business services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.48 billion. Booz Allen Hamilton Holding Corporation had a net margin of 4.35% and a return on equity of 49.46%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 EPS. On average, equities research analysts expect that Booz Allen Hamilton Holding Corporation will post $1.88 earnings per share for the current fiscal year.

In other news, CAO Joseph W. Mahaffee sold 50,000 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $39.00, for a total transaction of $1,950,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Lloyd Howell, Jr. sold 24,140 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $38.51, for a total transaction of $929,631.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 239,140 shares of company stock valued at $9,225,081. Insiders own 3.04% of the company’s stock.

BAH has been the subject of a number of research reports. Jefferies Group LLC lowered shares of Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a research note on Monday, July 17th. Cowen and Company reiterated a “buy” rating and set a $41.00 target price (down from $46.00) on shares of Booz Allen Hamilton Holding Corporation in a research note on Monday, June 26th. Wells Fargo & Company reiterated an “outperform” rating and set a $40.00 target price (down from $43.00) on shares of Booz Allen Hamilton Holding Corporation in a research note on Friday, June 16th. Barclays PLC lowered shares of Booz Allen Hamilton Holding Corporation from an “overweight” rating to an “equal weight” rating and set a $38.00 target price for the company. in a research note on Monday, May 1st. Finally, Bank of America Corporation lowered shares of Booz Allen Hamilton Holding Corporation from a “buy” rating to a “neutral” rating in a research note on Friday, June 16th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $37.55.

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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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