Heidrick & Struggles International, Inc. (NASDAQ:HSII) Announces $0.15 Quarterly Dividend

Heidrick & Struggles International, Inc. (NASDAQ:HSII) announced a quarterly dividend on Tuesday, March 4th, Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be given a dividend of 0.15 per share by the business services provider on Thursday, March 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Thursday, March 13th.

Heidrick & Struggles International has a payout ratio of 17.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Heidrick & Struggles International to earn $2.90 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 20.7%.

Heidrick & Struggles International Stock Up 12.3 %

Shares of HSII traded up $4.87 during trading on Tuesday, reaching $44.48. The company’s stock had a trading volume of 448,961 shares, compared to its average volume of 123,150. Heidrick & Struggles International has a twelve month low of $29.03 and a twelve month high of $49.02. The company has a market cap of $907.79 million, a price-to-earnings ratio of 24.04, a P/E/G ratio of 0.91 and a beta of 0.87. The company has a fifty day moving average of $44.45 and a two-hundred day moving average of $42.14.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barrington Research upped their target price on shares of Heidrick & Struggles International from $44.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. StockNews.com upgraded Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, Truist Financial restated a “hold” rating and issued a $42.00 price target (up previously from $40.00) on shares of Heidrick & Struggles International in a research note on Wednesday, December 4th.

Heidrick & Struggles International Company Profile

Heidrick & Struggles International, Inc engages in provision of leadership consulting, culture shaping and senior-level executive search services. It offers its clients build leadership teams through facilitating the recruitment, management and deployment of senior executives. It operates under the following segments: Americas, Europe, Asia Pacific, Heidrick Consulting, and On Demand Talent Business.