Maximus Declares Quarterly Cash Dividend of $0.30 per Share

Rhea-AI Summary

Maximus (NYSE: MMS) approves a quarterly cash dividend of $0.30 per share, payable on February 29, 2024, to shareholders of record on February 15, 2024.

Financial Analyst

The announcement of a quarterly cash dividend by Maximus represents a direct financial return to shareholders, often interpreted as a signal of a company's financial health and stability. The dividend of $0.30 per share is a concrete figure that can be analyzed in terms of dividend yield, which is the dividend per share divided by the stock price. This yield provides investors with a metric for comparing the income-generating potential of Maximus' stock relative to others and assessing the company's use of capital.

Furthermore, the sustainability of such dividends is typically assessed by examining the company's payout ratio, which is the proportion of earnings paid out as dividends to shareholders. A payout ratio that is too high may suggest that the company is not reinvesting enough back into the business, which could be detrimental in the long term. Conversely, a reasonable payout ratio may indicate a balance between rewarding shareholders and funding future growth.

Market Research Analyst

Dividend announcements can also influence investor perception and stock market performance. Consistent dividend payments can attract income-focused investors, potentially increasing demand for Maximus' shares. The timing of this announcement, with dividends payable on February 29, 2024, can lead to short-term trading strategies around the ex-dividend date, as investors position themselves to capture the dividend payment.

It's also important to consider the broader industry context. If Maximus' dividend is in line with industry standards, it may not shift investor sentiment significantly. However, if the dividend is particularly high or low compared to peers, it could lead to a reassessment of the company's stock. This could affect not only Maximus but also the valuation of other companies within the government services sector.

Economist

From an economic perspective, dividend policy decisions like the one made by Maximus' Board of Directors can reflect broader economic conditions. In a low-interest-rate environment, dividends become a more attractive source of income, potentially drawing more investors into the equity market. Conversely, in a high-interest-rate environment, companies may be more cautious with dividend payments due to the higher cost of borrowing.

Maximus' ability to pay dividends could also be seen as an indicator of economic stability within the government services sector, suggesting that despite economic cycles, there is a steady demand for the services provided by companies like Maximus. This could have implications for employment and economic activity in the regions where Maximus operates.

TYSONS, Va.--(BUSINESS WIRE)-- Maximus (NYSE: MMS), a leading provider of government services worldwide, announced today that its Board of Directors has approved a quarterly cash dividend of $0.30 per share, payable on February 29, 2024, to shareholders of record on February 15, 2024.

About Maximus

As a leading strategic partner to governments across the globe, Maximus helps improve the delivery of public services amid complex technology, health, economic, environmental, and social challenges. With a deep understanding of program service delivery, acute insights that achieve operational excellence, and an extensive awareness of the needs of the people being served, our employees advance the critical missions of our partners. Maximus delivers innovative business process management, impactful consulting services, and technology solutions that provide improved outcomes for the public and higher levels of productivity and efficiency of government-sponsored programs. For more information, visit maximus.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240111019839/en/

Investor Relations

James Francis 703.251.8526

Jessica Batt 703.251.8634

IR@maximus.com

Media & Public Relations

Eileen Rivera 571.329.3410

media@maximus.com

Source: Maximus

What is the ticker symbol for Maximus?

The ticker symbol for Maximus is MMS on the NYSE.

When is the quarterly cash dividend payable to Maximus shareholders?

The quarterly cash dividend of $0.30 per share is payable on February 29, 2024.

What is the amount of the quarterly cash dividend approved for Maximus shareholders?

The approved quarterly cash dividend is $0.30 per share.

When is the record date for Maximus shareholders to receive the dividend?

The record date for Maximus shareholders to receive the dividend is February 15, 2024.