Robert Half Inc. (RHI) to Issue Quarterly Dividend of $0.59 on March 13th

Robert Half Inc. (NYSE:RHI) declared a quarterly dividend on Thursday, February 12th. Shareholders of record on Wednesday, February 25th will be given a dividend of 0.59 per share by the business services provider on Friday, March 13th. This represents a c) annualized dividend and a yield of 9.5%. The ex-dividend date is Wednesday, February 25th.

Robert Half has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 22 years. Robert Half has a dividend payout ratio of 88.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Robert Half to earn $3.57 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 66.1%.

Robert Half Price Performance

NYSE RHI opened at $24.76 on Friday. The company’s 50 day simple moving average is $28.30 and its 200 day simple moving average is $30.88. The firm has a market capitalization of $2.50 billion, a PE ratio of 18.61 and a beta of 0.88. Robert Half has a 12 month low of $24.45 and a 12 month high of $61.16.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Robert Half had a return on equity of 10.20% and a net margin of 2.47%.The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business earned $0.53 EPS. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. Sell-side analysts anticipate that Robert Half will post 2.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of RHI. Larson Financial Group LLC increased its holdings in Robert Half by 321.0% during the 4th quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 764 shares in the last quarter. Gilpin Wealth Management LLC bought a new position in shares of Robert Half in the fourth quarter worth about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Robert Half in the second quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd lifted its holdings in Robert Half by 927.7% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 853 shares of the business services provider’s stock worth $35,000 after buying an additional 770 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in Robert Half by 94.3% in the 4th quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock valued at $37,000 after buying an additional 664 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

About Robert Half

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest?standing and best?known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.