Booz Allen Hamilton Holding Co. (NYSE:BAH) to Issue Quarterly Dividend of $0.55

Booz Allen Hamilton Holding Co. (NYSE:BAH) declared a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders 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 yield of 1.70%. The ex-dividend date is Friday, February 14th. This is a positive change 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% annually over the last three years and has increased its dividend annually for the last 12 consecutive years. Booz Allen Hamilton has a dividend payout ratio of 26.1% indicating that 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 Up 0.4 %

Shares of NYSE BAH traded up $0.51 during mid-day trading on Monday, reaching $129.51. 2,590,165 shares of the company’s stock were exchanged, compared to its average volume of 2,031,561. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. The business has a fifty day simple moving average of $135.79 and a 200 day simple moving average of $150.54. Booz Allen Hamilton has a twelve month low of $121.02 and a twelve month high of $190.59. The firm has a market capitalization of $16.55 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 1.53 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, 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%. As a group, equities analysts expect that Booz Allen Hamilton will post 6.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BAH has been the subject of a number of research reports. Wells Fargo & Company decreased their price objective on Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Barclays upgraded shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 target price for the company in a report on Monday, January 6th. The Goldman Sachs Group lowered 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 research note on Thursday, December 12th. JPMorgan Chase & Co. cut their target price on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Monday. Finally, Raymond James raised Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $158.80.

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.