HireQuest, Inc. (NASDAQ:HQI) Announces Quarterly Dividend of $0.06

HireQuest, Inc. (NASDAQ:HQI) announced a quarterly dividend on Monday, May 19th, Wall Street Journal reports. Shareholders of record on Monday, June 2nd will be paid a dividend of 0.06 per share on Monday, June 16th. This represents a $0.24 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Monday, June 2nd.

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 42.1% 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 Stock Performance

NASDAQ:HQI opened at $9.51 on Tuesday. The stock has a market cap of $133.14 million, a price-to-earnings ratio of 86.45 and a beta of 1.20. HireQuest has a 1 year low of $9.04 and a 1 year high of $15.75. The business has a fifty day moving average of $11.17 and a 200-day moving average of $13.03.

HireQuest (NASDAQ:HQI) last announced its earnings results on Thursday, May 8th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The company had revenue of $7.47 million during the quarter, compared to the consensus estimate of $8.03 million. HireQuest had a net margin of 4.04% and a return on equity of 11.02%. On average, equities research analysts predict that HireQuest will post 0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Barrington Research lowered their price objective on shares of HireQuest from $16.00 to $13.00 and set an “outperform” rating on the stock in a research note on Monday, May 12th.

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.