MAXIMUS, Inc. (MMS) declared a quarterly dividend of $0.15 per share today, a 25% improvement over the $0.12 paid each of the last eight quarters by the government services company.
Shares of MMS are trading at $65.65 (+2.40%) early in today’s session, where they now feature a 0.91% dividend yield.
This is the second dividend increase from MAXIMUS since it began returning cash to shareholders in 2005. The company has raised its dividend by a total of 50% over that span. Analysts currently expect earnings of $4.59 per share next year, giving the company a 13.1% forward payout ratio.
The first payout under the new rate carries an ex-dividend date of February 11.