On October 10, 2023, MAXIMUS, Inc. (MMS) announced that it will raise its quarterly dividend by 7.1% to $0.30 quarterly per share. This is the first dividend hike by MMS since 2019. The new dividend yield for Maximus is 1.55% at a stock price of $77. The next ex-dividend date will be November 14, 2023.
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.