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

Booz Allen Hamilton Holding Co. (NYSE:BAH) announced a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51.

Booz Allen Hamilton has increased its dividend payment by an average of 11.3% annually 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% indicating that 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 Performance

Shares of NYSE BAH opened at $131.89 on Wednesday. The stock has a market cap of $16.85 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 1.53 and a beta of 0.55. The stock’s 50-day moving average is $135.09 and its 200 day moving average is $150.18. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. Booz Allen Hamilton has a 1-year low of $121.02 and a 1-year high of $190.59.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 70.51%. On average, sell-side analysts anticipate that Booz Allen Hamilton will post 6.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BAH has been the topic of a number of analyst reports. Jefferies Financial Group downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their price objective for the company from $180.00 to $190.00 in a research report on Monday, November 4th. Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target for the company in a research report on Monday, January 6th. StockNews.com cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Monday. One research 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, the stock has a consensus rating of “Hold” and an average price target 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.