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

Maximus, Inc. (NYSE:MMS - Get Free Report) declared a quarterly dividend on Monday, January 6th,RTT News reports. Shareholders of record on Saturday, February 15th will be given 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 yield of 1.56%.

Maximus has increased its dividend payment by an average of 2.3% per year over the last three years. Maximus has a dividend payout ratio of 19.2% indicating that 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 Stock Performance

NYSE MMS traded down $0.50 on Monday, hitting $77.00. 928,972 shares of the company's stock were exchanged, compared to its average volume of 698,824. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 15.40 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.49 and a quick ratio of 1.49. The firm's 50-day moving average price is $77.56 and its two-hundred day moving average price is $85.18. Maximus has a fifty-two week low of $69.72 and a fifty-two week high of $93.97.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MMS shares. StockNews.com cut Maximus from a "buy" rating to a "hold" rating in a report on Friday, December 27th. Raymond James upgraded Maximus from a "market perform" rating to an "outperform" rating and set a $90.00 price target on the stock in a report on Thursday.

Insider Activity at Maximus

In related news, CEO Bruce Caswell bought 3,500 shares of Maximus stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average price of $70.64 per share, with a total value of $247,240.00. Following the purchase, the chief executive officer now owns 275,929 shares in the company, valued at $19,491,624.56. This represents a 1.28 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Raymond B. Ruddy bought 3,490 shares of Maximus stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of $71.46 per share, for a total transaction of $249,395.40. Following the purchase, the director now owns 112,520 shares in the company, valued at $8,040,679.20. This represents a 3.20 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 7,063 shares of company stock valued at $502,017. 1.40% of the stock is owned by corporate 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.