Booz Allen Hamilton Holding Co. (NYSE:BAH) Increases Dividend to $0.55 Per Share

Booz Allen Hamilton Holding Co. (NYSE:BAH - Get Free Report) announced a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Friday, February 14th will be given a dividend of 0.55 per share by the business services provider on Tuesday, March 4th. This represents a $2.20 annualized dividend and a yield of 1.71%. The ex-dividend date is Friday, February 14th. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51.

Booz Allen Hamilton has increased its dividend payment by an average of 11.3% annually over the last three years and has increased its dividend every year for the last 13 years. Booz Allen Hamilton has a dividend payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Booz Allen Hamilton to earn $6.94 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 31.7%.

Booz Allen Hamilton Trading Down 0.3 %

BAH stock traded down $0.37 during trading on Thursday, reaching $128.98. 1,659,745 shares of the stock were exchanged, compared to its average volume of 2,015,377. The business has a 50 day moving average price of $134.36 and a 200-day moving average price of $149.88. Booz Allen Hamilton has a 1 year low of $121.02 and a 1 year high of $190.59. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. The firm has a market capitalization of $16.48 billion, a price-to-earnings ratio of 19.22, a P/E/G ratio of 1.53 and a beta of 0.55.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 70.51%. On average, research analysts predict that Booz Allen Hamilton will post 6.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BAH. Barclays raised shares of Booz Allen Hamilton from an "underweight" rating to an "equal weight" rating and set a $140.00 price target for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. decreased their price objective on Booz Allen Hamilton from $142.00 to $140.00 and set an "underweight" rating for the company in a research note on Monday. TD Cowen reduced their target price on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Truist Financial reduced their price objective on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating on the stock in a report on Friday, November 22nd. Finally, Raymond James raised Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price target for the company in a report on Monday. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Booz Allen Hamilton has an average rating of "Hold" and a consensus target price of $158.80.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.