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

Booz Allen Hamilton Holding Co. (NYSE:BAH) declared a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.55 per share by the business services provider on Tuesday, March 4th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.51.

Booz Allen Hamilton has increased its dividend by an average of 11.3% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Booz Allen Hamilton has a payout ratio of 26.1% meaning its dividend is sufficiently covered by earnings. Equities 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 $2.04 annual dividend with an expected future payout ratio of 29.4%.

Booz Allen Hamilton Stock Performance

Shares of BAH opened at $129.51 on Tuesday. The company has a market capitalization of $16.55 billion, a PE ratio of 19.30, a P/E/G ratio of 1.53 and a beta of 0.55. Booz Allen Hamilton has a 52-week low of $121.02 and a 52-week high of $190.59. The company has a 50-day simple moving average of $135.43 and a 200-day simple moving average of $150.35. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping 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 70.51%. Equities research analysts predict that Booz Allen Hamilton will post 6.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Barclays upgraded shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price objective on the stock in a research note on Monday, January 6th. Raymond James raised shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a report on Monday. Finally, The Goldman Sachs Group cut their price target on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.