MAXIMUS, Inc. (MMS) will raise its quarterly dividend by 12.0  percent to $0.28 per share 2019. This marks the second dividend increase since 2011 for the business process management and technology solutions provider.

The next dividend is payable on November 29, 2019, to shareholders of record on November 15, 2019. On an annual basis, this brings the company’s cash dividend to $1.12, yielding 1.5% at a stock price of $74.

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. MAXIMUS was founded in 1975.