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 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 1.67%. 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 by an average of 11.3% per year over the last three years and has increased its dividend every year for the last 12 years. Booz Allen Hamilton has a dividend payout ratio of 26.1% meaning its dividend is sufficiently covered by earnings. 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 Up 1.9 %

NYSE:BAH opened at $131.89 on Wednesday. Booz Allen Hamilton has a one year low of $121.02 and a one year high of $190.59. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market cap of $16.85 billion, a PE ratio of 19.66, a P/E/G ratio of 1.53 and a beta of 0.55. The firm’s 50 day simple moving average is $135.09 and its 200 day simple moving average is $150.18.

Booz Allen Hamilton (NYSE:BAH) last announced its 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 return on equity of 70.51% and a net margin of 7.39%. On average, research analysts anticipate that Booz Allen Hamilton will post 6.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. StockNews.com cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Truist Financial reduced their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a report on Friday, November 22nd. TD Cowen cut their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company decreased their target price on Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group cut their price target on 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 investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.