Booz Allen Hamilton Holding Co. (NYSE:BAH) declared a quarterly dividend on Thursday, May 30th, Wall Street Journal reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.23 per share by the business services provider on Friday, June 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, June 13th.

Booz Allen Hamilton has increased its dividend payment by an average of 13.5% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Booz Allen Hamilton has a payout ratio of 36.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Booz Allen Hamilton to earn $3.36 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 27.4%.

Shares of BAH stock traded up $0.26 during mid-day trading on Wednesday, reaching $65.21. The stock had a trading volume of 5,437 shares, compared to its average volume of 1,037,961. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 2.52. The company has a market capitalization of $9.25 billion, a P/E ratio of 23.60, a P/E/G ratio of 1.77 and a beta of 0.94. Booz Allen Hamilton has a one year low of $42.91 and a one year high of $66.47.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Tuesday, May 28th. The business services provider reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.03. Booz Allen Hamilton had a return on equity of 60.67% and a net margin of 6.24%. The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the firm earned $0.51 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Sell-side analysts predict that Booz Allen Hamilton will post 3.01 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on BAH. Wells Fargo & Co reissued a “buy” rating on shares of Booz Allen Hamilton in a research report on Friday, June 7th. Morgan Stanley initiated coverage on Booz Allen Hamilton in a research report on Monday, June 3rd. They set an “overweight” rating and a $70.00 target price for the company. Zacks Investment Research downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating and set a $66.00 target price for the company. in a research note on Thursday, May 30th. Jefferies Financial Group lifted their target price on shares of Booz Allen Hamilton from $61.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 29th. Finally, SunTrust Banks lifted their price objective on shares of Booz Allen Hamilton to $69.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $59.90.

In related news, VP Laura S. Adams sold 780 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $65.63, for a total value of $51,191.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is owned by corporate insiders.

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Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.

Further Reading: Margin

Dividend History for Booz Allen Hamilton (NYSE:BAH)

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