Robert Half International Inc. (RHI) to Issue Quarterly Dividend of $0.43 on June 15th

Robert Half International Inc. (NYSE:RHIGet Rating) announced a quarterly dividend on Tuesday, May 3rd, RTT News reports. Shareholders of record on Wednesday, May 25th will be paid a dividend of 0.43 per share by the business services provider on Wednesday, June 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Tuesday, May 24th.

Robert Half International has raised its dividend payment by an average of 10.7% per year over the last three years and has raised its dividend every year for the last 18 years. Robert Half International has a dividend payout ratio of 25.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Robert Half International to earn $6.87 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 25.0%.

Robert Half International stock opened at $88.61 on Friday. The stock has a market cap of $9.79 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 1.46 and a beta of 1.45. The company’s 50-day moving average price is $107.57 and its two-hundred day moving average price is $111.66. Robert Half International has a 52 week low of $83.46 and a 52 week high of $125.77.

Robert Half International (NYSE:RHIGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The business services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.05. Robert Half International had a net margin of 9.54% and a return on equity of 48.53%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the firm posted $0.98 EPS. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. On average, equities research analysts anticipate that Robert Half International will post 6.4 earnings per share for the current year.

In other news, CEO Paul F. Gentzkow sold 50,000 shares of the stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $92.87, for a total value of $4,643,500.00. Following the completion of the sale, the chief executive officer now directly owns 275,751 shares of the company’s stock, valued at $25,608,995.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of RHI. Capital World Investors bought a new position in Robert Half International during the first quarter valued at approximately $636,060,000. Wellington Management Group LLP raised its position in Robert Half International by 4,173.7% during the first quarter. Wellington Management Group LLP now owns 653,580 shares of the business services provider’s stock valued at $74,625,000 after acquiring an additional 638,287 shares in the last quarter. Royal Bank of Canada raised its position in Robert Half International by 60.4% during the first quarter. Royal Bank of Canada now owns 641,260 shares of the business services provider’s stock valued at $73,220,000 after acquiring an additional 241,574 shares in the last quarter. Prudential Financial Inc. raised its position in Robert Half International by 126.1% during the first quarter. Prudential Financial Inc. now owns 258,407 shares of the business services provider’s stock valued at $29,505,000 after acquiring an additional 144,100 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in Robert Half International by 27.8% during the first quarter. Federated Hermes Inc. now owns 399,567 shares of the business services provider’s stock valued at $45,622,000 after acquiring an additional 86,825 shares in the last quarter. 86.40% of the stock is currently owned by hedge funds and other institutional investors.

RHI has been the subject of several recent analyst reports. Bank of America upgraded shares of Robert Half International from a “neutral” rating to a “buy” rating and raised their target price for the stock from $123.00 to $133.00 in a report on Wednesday, April 27th. Zacks Investment Research cut shares of Robert Half International from a “buy” rating to a “hold” rating and set a $130.00 target price for the company. in a report on Wednesday, March 30th. Truist Financial raised their target price on shares of Robert Half International from $100.00 to $120.00 in a report on Friday, January 28th. CL King raised their target price on shares of Robert Half International from $128.00 to $132.00 in a report on Wednesday, April 27th. Finally, StockNews.com upgraded shares of Robert Half International from a “buy” rating to a “strong-buy” rating in a report on Friday. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $128.67.

Robert Half International Company Profile (Get Rating)

Robert Half International Inc provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary services for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract professionals and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking and cloud, systems integration and deployment, database design and administration, and security and business continuity.

See Also

Dividend History for Robert Half International (NYSE:RHI)

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