Maximus Increases Dividend to $0.33, Maintains Industry Average Yield of 1.7%

Maximus Inc. (NYSE:MMS) is increasing its dividend from $0.32 to $0.33 per share, bringing the dividend yield to 1.7%. The company has a solid track record of paying stable dividends, with a 22% growth rate since 2016. Maximus is expected to earn enough to cover its dividend payments and has a projected earnings per share growth rate of 16.2% over the next year. The dividend payment ratio could be 21% by next year, which is sustainable.