MAXIMUS, Inc. (NYSE:MMS) announced a quarterly dividend on Thursday, January 11th, RTT News reports. Shareholders 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 dividend yield of 0.26%.

MAXIMUS has decreased its dividend by an average of 9.1% per year over the last three years. MAXIMUS has a dividend payout ratio of 5.9% meaning 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 (NYSE:MMS) traded down $1.04 on Thursday, hitting $70.09. The company’s stock had a trading volume of 538,300 shares, compared to its average volume of 440,771. MAXIMUS has a 1 year low of $51.74 and a 1 year high of $72.54. The firm has a market cap of $4,630.00, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 2.67 and a beta of 1.34.

A number of research firms recently issued reports on MMS. Zacks Investment Research raised MAXIMUS from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Wednesday, October 4th. Canaccord Genuity reaffirmed 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 target price of $64.33.

In related news, Director Russell A. Beliveau sold 1,500 shares of MAXIMUS stock in a transaction dated 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 $2,593,154.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Russell A. Beliveau sold 1,000 shares of MAXIMUS stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $71.73, for a total value of $71,730.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,417 shares of company stock worth $4,902,785. 3.10% of the stock is owned by company insiders.

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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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