Booz Allen Hamilton Holding Corporation (BAH) to Distribute Quarterly Dividend of $0.59 on August 28th

Booz Allen Hamilton Holding Corporation (NYSE:BAH) announced a quarterly dividend on Wednesday, July 22nd. Investors of record on Friday, August 14th will be given a dividend of 0.59 per share by the business services provider on Friday, August 28th. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, August 14th.

Booz Allen Hamilton has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 14 years. Booz Allen Hamilton has a dividend payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Booz Allen Hamilton to earn $6.72 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 35.1%.

Booz Allen Hamilton Stock Down 2.1%

BAH traded down $1.63 on Wednesday, reaching $76.94. The company’s stock had a trading volume of 152,989 shares, compared to its average volume of 2,186,979. The company has a market capitalization of $9.26 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 4.04 and a beta of 0.34. Booz Allen Hamilton has a fifty-two week low of $59.50 and a fifty-two week high of $112.22. The company has a quick ratio of 1.59, a current ratio of 1.60 and a debt-to-equity ratio of 3.26. The stock has a 50 day moving average of $68.91 and a two-hundred day moving average of $76.34.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, July 24th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.32. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.81 billion. Booz Allen Hamilton had a net margin of 7.01% and a return on equity of 76.71%. The company’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.48 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. As a group, analysts forecast that Booz Allen Hamilton will post 6.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Booz Allen Hamilton

Several large investors have recently modified their holdings of BAH. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Booz Allen Hamilton by 15.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 128,890 shares of the business services provider’s stock valued at $10,941,000 after purchasing an additional 17,686 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Booz Allen Hamilton during the 4th quarter worth $3,121,000. Legal & General Group Plc boosted its position in shares of Booz Allen Hamilton by 9.9% in the 4th quarter. Legal & General Group Plc now owns 537,400 shares of the business services provider’s stock worth $45,335,000 after buying an additional 48,457 shares in the last quarter. Weiss Asset Management LP purchased a new stake in shares of Booz Allen Hamilton in the 1st quarter worth about $12,945,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in Booz Allen Hamilton by 8.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 287,922 shares of the business services provider’s stock valued at $24,289,000 after acquiring an additional 22,105 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.