
Maximus, Inc.
MMSIndustrials · Specialty Business Services · Stock · quarterly payer
Forward Yield
2.15%
Annual Dividend
$1.32
Payout Ratio
19%
5-Yr Growth
1.4%
Ex-Date
Nov 13, 2026
Frequency
Quarterly
Key facts about MMS's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Maximus, Inc. (MMS) has a forward dividend yield of 2.15%, based on an annual dividend of $1.32 per share and a share price of $61.47.
- As of Oct 18, 2026, MMS's dividend safety grade from SmarterDividends is A (91 out of 100), which rates the dividend as very safe.
- MMS has never cut its regular dividend in the payment history SmarterDividends has on record.
- MMS's next ex-dividend date is Nov 13, 2026, with payment on Nov 30, 2026. Shares must be owned before that date to receive the dividend.
- As of Oct 18, 2026, MMS pays out 19% of its trailing 12-month earnings as dividends (its payout ratio).
- MMS's dividend has grown at an average rate of 1.4% a year over the past five years.
- As of Oct 18, 2026, MMS's 2.15% yield is 46% above its five-year average yield of 1.47%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for MMS is $102.63 per share, 67% above the $61.47 share price, so MMS screens as undervalued.
- Maximus, Inc. (MMS) pays its dividend quarterly, 4 times a year.
- Maximus, Inc. (MMS) has raised its regular dividend 7 times and cut it 0 times across the 87 payments on record since 2005. Its most recent change was a 10.0% increase to $0.330 per share, going ex-dividend on Feb 13, 2026.
Cite this page
SmarterDividends, "MMS Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/MMS
Summary
As of Oct 18, 2026, Maximus, Inc. (MMS) yields 2.15% ($1.32 a year per share) and has a dividend safety grade of A (91/100).
Is MMS a good dividend stock?
YesMaximus, Inc. (MMS) pays a quarterly dividend yielding 2.15% ($1.32/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (19%)
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.15%
- Payout Ratio
- 19%
- Annual Dividend
- $1.32
- 5-Yr Avg Growth
- 1.4%
- Ex-Dividend Date
- Nov 13, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.59
- Market Cap
- $3.2B
- P/E Ratio
- 9.1
- 5-Yr Total Return
- -19%
- 52-Week Range
- $51.04 – $100.00
- Dividend Safety
- A · 91/100
- Ever Cut?
- No
MMS dividend raises and cuts
Maximus, Inc. (MMS) has raised its regular dividend 7 times and cut it 0 times across the 87 payments on record since 2005. Its most recent change was a 10.0% increase to $0.330 per share, going ex-dividend on Feb 13, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 13, 2026 | Raise | $0.300 → $0.330 | +10.0% |
| Nov 14, 2023 | Raise | $0.280 → $0.300 | +7.1% |
| Nov 14, 2019 | Raise | $0.250 → $0.280 | +12.0% |
| Nov 14, 2018 | Raise | $0.0450 → $0.250 | +455.6% |
| Aug 11, 2011 | Raise | $0.0375 → $0.0450 | +20.0% |
| Feb 11, 2011 | Raise | $0.0300 → $0.0375 | +25.0% |
| Feb 11, 2009 | Raise | $0.0250 → $0.0300 | +20.0% |
Frequently Asked Questions
Is MMS a good dividend stock?
Yes. Maximus, Inc. (MMS) pays a quarterly dividend yielding 2.15% ($1.32/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is MMS undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MMS's fair value is about $102.63 versus a $61.47 share price — so it looks undervalued (+67% vs. fair value).
Is MMS's dividend safe?
MMS has a dividend-safety grade of A (91/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is MMS's fair value?
Our blended fair-value estimate for MMS is about $102.63 per share, roughly 67% above the current $61.47 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is MMS a buy, hold, or sell?
We don't issue formal ratings, but on the data MMS screens as "yes" and undervalued. Maximus, Inc. (MMS) pays a quarterly dividend yielding 2.15% ($1.32/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will MMS cut its dividend?
MMS earns a dividend-safety grade of A (91/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does MMS pay a dividend?
Yes. Maximus, Inc. pays a quarterly dividend of about $1.32 per share annually, a forward yield of roughly 2.15%.
What is MMS's dividend yield?
As of Oct 18, 2026, MMS's forward dividend yield is 2.15%, based on a $1.32 annual dividend and a $61.47 share price.
What is MMS's dividend per share?
As of Oct 18, 2026, MMS pays $1.32 per share per year, distributed on a quarterly basis.
What is MMS's dividend payout ratio?
As of Oct 18, 2026, MMS's payout ratio is 19% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has MMS grown its dividend?
MMS does not currently have a long dividend-growth streak on record.
When is the next MMS ex-dividend date?
As of Oct 18, 2026, the next ex-dividend date on record for MMS is Nov 13, 2026.
MMS Price — Last 12 Months
Daily close
Price Return
1 Year
-29%
3 Years
-26%
5 Years
-19%
52-Week Range
$51.04 – $100.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MMS worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Maximus, Inc. is $102.63 per share, versus a market price of $61.47. That implies 67% of upside — a margin of safety of about 40%.
Fair Value
$102.63
Current Price
$61.47
Upside
+67%
Margin of Safety
40%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -1.4% annual free-cash-flow growth. We model 7.5% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.0% discount rate (CAPM), 7.5% growth for five years fading to 2.5% over the next five, $6.76 EPS, $1.32 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MMS Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full MMS dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 14, 2026 | Aug 31, 2026 | $0.3300 | regular |
| May 15, 2026 | Jun 1, 2026 | $0.3300 | regular |
| Feb 13, 2026 | Mar 2, 2026 | $0.3300 | regular |
| Nov 14, 2025 | Dec 1, 2025 | $0.3000 | regular |
| Aug 15, 2025 | Aug 31, 2025 | $0.3000 | regular |
| May 15, 2025 | May 31, 2025 | $0.3000 | regular |
| Feb 14, 2025 | Feb 28, 2025 | $0.3000 | regular |
| Nov 15, 2024 | Nov 30, 2024 | $0.3000 | regular |
| Aug 15, 2024 | Aug 31, 2024 | $0.3000 | regular |
| May 14, 2024 | May 31, 2024 | $0.3000 | regular |
| Feb 14, 2024 | Feb 29, 2024 | $0.3000 | regular |
| Nov 14, 2023 | Nov 30, 2023 | $0.3000 | regular |
| Aug 14, 2023 | Aug 31, 2023 | $0.2800 | regular |
| May 12, 2023 | May 31, 2023 | $0.2800 | regular |
Income Calculator
At $1.32 / yr per share
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