Booz Allen Hamilton (BAH) will raise its quarterly dividend by another 17.4 percent to $0.27 per share in 2019. The consulting and engineering services company already hiked its dividend by 21.1 percent earlier this year.

The next dividend is payable on December 2, 2019, to stockholders of record on November 14, 2019. A new annual dividend rate of $1.08 per share yields 1.5% at a stock price of $74.28.

Booz Allen Hamilton Holding Corporation is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The company was founded in 1914 by Edwin Booz, one of the pioneers of management consulting. In 1940, Booz Allen began serving the U.S. government by advising the Secretary of the Navy in preparation for World War II. The company has expanded beyond its management consulting foundation to develop deep expertise in the fields of analytics, digital solutions, engineering and cyber.