HireQuest, Inc. (HQI) to Issue Quarterly Dividend of $0.06 on March 17th

HireQuest, Inc. (NASDAQ:HQI) announced a quarterly dividend on Thursday, February 13th, Wall Street Journal reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.06 per share on Monday, March 17th. This represents a $0.24 annualized dividend and a yield of 1.58%. The ex-dividend date is Monday, March 3rd.

HireQuest has raised its dividend payment by an average of 1.4% annually over the last three years. HireQuest has a dividend payout ratio of 27.0% meaning 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 Trading Up 1.3 %

HQI opened at $15.16 on Friday. The stock has a market cap of $212.24 million, a PE ratio of 137.82 and a beta of 1.03. The business’s 50 day moving average is $13.62 and its 200-day moving average is $13.97. HireQuest has a twelve month low of $11.39 and a twelve month high of $15.75.

Analyst Ratings Changes

Separately, Barrington Research lifted their price target on shares of HireQuest from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, November 15th.

HireQuest Company Profile

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.