Robert Half Inc. to Issue Quarterly Dividend of $0.59 (NYSE:RHI)

Robert Half Inc. (NYSE:RHI) announced a quarterly dividend on Thursday, April 30th. Stockholders of record on Friday, May 22nd will be given a dividend of 0.59 per share by the business services provider on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date is Friday, May 22nd.

Robert Half has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 22 consecutive 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 $2.21 per share next year, which means the company may not be able to cover its $2.36 annual dividend with an expected future payout ratio of 106.8%.

Robert Half Stock Performance

Shares of NYSE:RHI traded up $0.69 during midday trading on Friday, hitting $27.30. 64,334 shares of the stock were exchanged, compared to its average volume of 3,287,730. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 21.06 and a beta of 0.85. The business’s 50-day moving average price is $24.97 and its 200 day moving average price is $26.96. Robert Half has a 12 month low of $21.83 and a 12 month high of $48.54.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.17 earnings per share. As a group, sell-side analysts expect that Robert Half will post 1.36 EPS for the current year.

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.