HireQuest, Inc. (HQI) To Go Ex-Dividend on December 2nd

HireQuest, Inc. (NASDAQ:HQI) announced a quarterly dividend on Tuesday, November 12th,Wall Street Journal reports. Investors of record on Monday, December 2nd will be given a dividend of 0.06 per share on Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Monday, December 2nd.

HireQuest has raised its dividend by an average of 33.9% annually over the last three years. HireQuest has a payout ratio of 30.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect HireQuest to earn $0.83 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 28.9%.

HireQuest Price Performance

Shares of NASDAQ:HQI opened at $15.21 on Friday. The firm has a market capitalization of $212.94 million, a price-to-earnings ratio of 138.27 and a beta of 1.02. The business’s 50 day simple moving average is $14.16 and its 200-day simple moving average is $13.48. HireQuest has a 12 month low of $11.39 and a 12 month high of $17.31.

Analysts Set New Price Targets

HQI has been the topic of several research reports. Barrington Research upped their target price on HireQuest from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, November 15th. DA Davidson reissued a “buy” rating and issued a $19.00 price objective on shares of HireQuest in a research note on Friday, August 9th.

About HireQuest

HireQuest, Inc provides temporary staffing services in the United States. It offers staffing services, including direct-dispatch, executive search, consultant, unskilled and semi-skilled industrial and construction personnel, clerical and administrative personnel, and permanent placement services, as well as commercial and non-CDL drivers, and skilled personnel in the medical and dental industries.