Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
MAXIMUS, Inc. is a U.S.-based government services company that provides business process services, clinical services, customer engagement operations, and technology-enabled program administration primarily for government agencies. The company operates in the public services and government outsourcing industries, with a focus on health and human services programs, workforce services, and citizen engagement solutions. Its core revenue drivers include administering government-sponsored healthcare programs, eligibility and enrollment services, contact center operations, program modernization, and employment-related support services.
The company serves federal, state, local, and international government clients, with significant exposure to healthcare administration and social services programs. MAXIMUS has developed a strategic position through long-term government contracts, regulatory expertise, large-scale citizen service infrastructure, and integrated technology platforms. Founded in 1975 by David Mastran and headquartered in Tysons, Virginia, the company initially focused on management consulting before expanding into outsourced government operations, digital transformation, and clinical support services through both organic growth and acquisitions.
Business Operations
MAXIMUS organizes its operations primarily through the U.S. Federal Services and U.S. Services segments, alongside international operations historically focused on the United Kingdom, Canada, and other overseas public-sector markets. The company generates revenue largely through multi-year government contracts tied to healthcare administration, Medicare and Medicaid support, appeals processing, eligibility services, workforce development programs, and citizen contact center management. The company has also expanded its capabilities in digital services, cloud-enabled operations, and clinical assessments.
The company controls substantial operational infrastructure including secure contact centers, digital engagement platforms, case management technologies, and clinical assessment networks. Major capabilities include independent medical reviews, program integrity services, and federal customer support operations. MAXIMUS strengthened its federal positioning through the acquisition of Veterans Evaluation Services (VES), which expanded its medical disability examination and clinical services capabilities for U.S. government agencies. The company also maintains partnerships with public agencies and technology providers to support modernization and automation initiatives.
Strategic Position & Investments
MAXIMUS has positioned itself as a large-scale public-sector services provider focused on digitally enabled government operations and healthcare administration. Its strategic direction has emphasized expanding federal government contracts, growing clinical and assessment services, and increasing technology-driven service delivery. The company has invested in automation, artificial intelligence-enabled customer engagement, cybersecurity, and cloud-based systems to improve efficiency and compliance in regulated government environments.
A major strategic investment was the acquisition of Veterans Evaluation Services (VES), which significantly increased the company’s healthcare and clinical assessment footprint within the federal sector. MAXIMUS has also pursued modernization initiatives tied to citizen experience management and digital transformation programs. The company’s strategy reflects increasing demand from governments for outsourced administrative services, particularly in healthcare eligibility, workforce support, and citizen communications. Public filings and investor materials indicate continued focus on scalable technology infrastructure and higher-value federal contracts.
Geographic Footprint
MAXIMUS is headquartered in Tysons, Virginia, and operates primarily across the United States, where the majority of its revenue is generated through federal and state government contracts. The company maintains operations across numerous U.S. states supporting Medicaid, Medicare, workforce services, and citizen engagement programs. Its federal services operations support agencies including health, defense, and social services organizations.
Internationally, MAXIMUS has maintained operations in regions including the United Kingdom, Canada, and Australia, although the scale and strategic emphasis of international operations have evolved over time. The company’s international presence has historically focused on employment services, health assessments, and public-sector administrative support. Its operational footprint includes contact centers, clinical networks, and technology-enabled service delivery infrastructure across multiple regions.
Leadership & Governance
MAXIMUS leadership emphasizes operational execution, government partnership management, regulatory compliance, and technology modernization within public-sector services. The company’s governance structure reflects its status as a publicly traded contractor serving highly regulated government agencies. Strategic priorities communicated by leadership have included expanding federal market opportunities, improving digital service delivery, and maintaining disciplined contract management.
Key executives include:
- Bruce Caswell – President and Chief Executive Officer
- David Mutryn – Chief Financial Officer
- Ilene Baylinson – General Counsel and Corporate Secretary
- Michael R. Rauth – Chief Human Resources Officer
- Pamela Powers – Chief of Staff and Executive Managing Director, U.S. Federal Services
- Lisa Simmons – Executive Managing Director, U.S. Services
The company was founded by David Mastran, who served in leadership roles for several decades and helped shape MAXIMUS into a major government services contractor focused on health and human services administration.