Booz Allen Hamilton Holding Co. Declares Quarterly Dividend of $0.23 (NYSE:BAH)
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.
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.
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.
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