Booz Allen Hamilton Holding Co. (BAH) to Issue Quarterly Dividend of $0.55 on March 4th

Booz Allen Hamilton Holding Co. (NYSE:BAH) announced a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders 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 dividend yield of 1.77%. The ex-dividend date is Friday, February 14th. This is a boost from Booz Allen Hamilton’s previous quarterly dividend of $0.51.

Booz Allen Hamilton has raised its dividend payment by an average of 11.3% per year over the last three years and has increased its dividend every year for the last 13 years. Booz Allen Hamilton has a payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Down 3.0 %

Shares of Booz Allen Hamilton stock opened at $124.30 on Wednesday. Booz Allen Hamilton has a twelve month low of $121.02 and a twelve month high of $190.59. The company has a fifty day moving average price of $133.11 and a 200 day moving average price of $149.28. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 2.72. The stock has a market cap of $15.74 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 1.46 and a beta of 0.55.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. Equities research analysts forecast that Booz Allen Hamilton will post 6.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on BAH shares. The Goldman Sachs Group decreased their price objective on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Truist Financial cut their target price on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. Raymond James upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price target for the company in a research note on Monday, February 3rd. Wells Fargo & Company decreased their price objective on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $158.91.

About Booz Allen Hamilton

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.