Maximus, Inc. Plans Quarterly Dividend of $0.33 (NYSE:MMS)

Maximus, Inc. (NYSE:MMS) announced a quarterly dividend on Monday, July 6th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.33 per share by the health services provider on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, August 14th.

Maximus has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 2 years. Maximus has a dividend payout ratio of 19.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Maximus to earn $8.86 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 14.9%.

Maximus Stock Performance

Shares of MMS traded up $0.28 during mid-day trading on Monday, reaching $56.03. The company had a trading volume of 593,627 shares, compared to its average volume of 750,101. The stock has a market capitalization of $2.94 billion, a P/E ratio of 7.24 and a beta of 0.60. Maximus has a 52-week low of $52.73 and a 52-week high of $100.00. The stock has a 50 day moving average of $60.19 and a two-hundred day moving average of $72.58. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.87.

Maximus (NYSE:MMS) last announced its quarterly earnings results on Thursday, May 7th. The health services provider reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.09. Maximus had a return on equity of 25.10% and a net margin of 7.02%.The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the business earned $2.01 earnings per share. Maximus’s quarterly revenue was down 4.1% on a year-over-year basis. Maximus has set its FY 2026 guidance at 8.250-8.550 EPS. On average, analysts expect that Maximus will post 8.43 earnings per share for the current year.

About Maximus

Maximus, Inc (NYSE: MMS) is a global provider of government services focused on delivering health and human services programs. The company partners with federal, state, and local agencies to administer and manage programs that support individuals and families across various stages of life. Key service areas include eligibility determination and enrollment services for Medicaid, Medicare, Children’s Health Insurance Program (CHIP) and other public assistance programs, as well as call center operations, case management and program integrity solutions.