MAXIMUS, Inc. (MMS) will raise its quarterly dividend by 455.6  percent to $0.25 per share in the fourth quarter of 2018. This marks the first dividend increase since 2011 for the business process management and technology solutions provider.

The increased dividend is payable on November 30, 2018, to MAXIMUS shareholders of record on November 15, 2018. The ex-date for this next divdiend of 25 cents is November 14, 2018. A new annual dividend of $1.00 per share yields 1.6% at a stock price of $64.69.

MAXIMUS, Inc. provides business process services to government health and human services agencies that contribute to improved outcomes for citizens and higher levels of productivity, accuracy, accountability and efficiency of government-sponsored programs. MAXIMUS is a partner to government agencies in the United States, Australia, Canada, Saudi Arabia, Singapore and the United Kingdom. The company’s Human Services segment provides national, state and local human services agencies with services for welfare-to-work, child support, higher education and education programs.