Maximus, Inc. (MMS) to Issue Quarterly Dividend of $0.30 on February 28th

Maximus, Inc. (NYSE:MMS) announced a quarterly dividend on Monday, January 6th,RTT News reports. Investors of record on Saturday, February 15th will be paid a dividend of 0.30 per share by the health services provider on Friday, February 28th. This represents a $1.20 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, February 14th.

Maximus has raised its dividend payment by an average of 2.3% per year over the last three years. Maximus has a payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Maximus to earn $5.70 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 21.1%.

Maximus Trading Up 0.4 %

Shares of NYSE:MMS opened at $77.38 on Wednesday. Maximus has a 12-month low of $69.72 and a 12-month high of $93.97. The business has a 50 day moving average of $77.37 and a 200-day moving average of $85.10. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.59. The stock has a market cap of $4.67 billion, a PE ratio of 15.48 and a beta of 0.73.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com cut Maximus from a “buy” rating to a “hold” rating in a report on Friday, December 27th. Raymond James raised Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 price target for the company in a report on Thursday, January 2nd.

Insider Buying and Selling at Maximus

In other news, insider Michelle F. Link sold 2,208 shares of Maximus stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $73.83, for a total transaction of $163,016.64. Following the sale, the insider now directly owns 6,567 shares of the company’s stock, valued at approximately $484,841.61. This trade represents a 25.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Raymond B. Ruddy bought 3,490 shares of Maximus stock in a transaction on Thursday, December 12th. The shares were acquired at an average cost of $71.46 per share, for a total transaction of $249,395.40. Following the completion of the acquisition, the director now directly owns 112,520 shares in the company, valued at approximately $8,040,679.20. The trade was a 3.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 7,063 shares of company stock worth $502,017 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

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.