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Bulletin: Booz Allen Hamilton Ratings Unaffected Following Dividend And Share Repurchase Program Announcements Feb 12
Standard & Poors, Feb 2012
Abstract
NEW YORK (Standard & Poor's) Feb. 3, 2012--Standard & Poor's Ratings Services said today that its ratings and outlook on Mclean, Va-based Booz Allen Hamilton Inc. (BB+/Stable/--) remain unchanged following the announcement of the company's first quarterly dividend of 9 cents per share (about $11 million a quarter), in addition to the announcement made in December 2011 of a $30 million share repurchase program. All amounts will be funded from cash on hand. Booz Allen had cash balances of about $405 million at Dec. 31, 2011 and good free cash flow operations, approximately $175 million for the 12 months ended Dec. 31, 2011. Adjusted debt-to-EBITDA was 2.7x at Dec. 31, 2011, which provides some headroom for moderate-sized debt-financed acquisitions and...
Companies mentioned in this report are: Booz Allen Hamilton Inc.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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