Barrett Business Services, Inc. (BBSI) To Go Ex-Dividend on March 14th

Barrett Business Services, Inc. (NASDAQ:BBSI) declared a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Investors of record on Friday, March 14th will be paid a dividend of 0.08 per share by the business services provider on Friday, March 28th. This represents a $0.32 annualized dividend and a yield of 0.81%. The ex-dividend date is Friday, March 14th.

Barrett Business Services has raised its dividend payment by an average of 1.1% per year over the last three years. Barrett Business Services has a payout ratio of 12.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Barrett Business Services to earn $2.21 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 14.5%.

Barrett Business Services Price Performance

Shares of NASDAQ:BBSI opened at $39.56 on Wednesday. The stock has a market capitalization of $1.02 billion, a P/E ratio of 20.88, a P/E/G ratio of 1.21 and a beta of 1.31. The business has a 50-day moving average of $42.04 and a two-hundred day moving average of $40.27. Barrett Business Services has a fifty-two week low of $28.42 and a fifty-two week high of $44.97.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BBSI. Barrington Research reiterated an “outperform” rating and set a $45.00 price target on shares of Barrett Business Services in a report on Wednesday. StockNews.com raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Friday, March 7th.

About Barrett Business Services

Barrett Business Services, Inc provides business management solutions for small and mid-sized companies in the United States. The company develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.