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

HireQuest, Inc. (NASDAQ:HQI) announced a quarterly dividend on Thursday, February 13th, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Monday, March 3rd.

HireQuest has raised its dividend by an average of 1.4% annually over the last three years. HireQuest has a dividend payout ratio of 27.0% 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 $15.16 on Friday. The firm’s 50-day moving average is $13.62 and its 200-day moving average is $13.97. The company has a market cap of $212.24 million, a price-to-earnings ratio of 137.82 and a beta of 1.03. HireQuest has a 52-week low of $11.39 and a 52-week high of $15.75.

Wall Street Analysts Forecast Growth

Separately, Barrington Research boosted their price target on HireQuest from $17.00 to $18.00 and gave the company an “outperform” rating in a research note 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.