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

HireQuest, Inc. (NASDAQ:HQI) announced a quarterly dividend on Wednesday, February 19th,Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be given a dividend of 0.06 per share on Monday, March 17th. This represents a $0.24 annualized dividend and a yield of 1.65%. The ex-dividend date is Monday, March 3rd.

HireQuest has increased its dividend payment by an average of 1.4% per year over the last three years. HireQuest has a payout ratio of 27.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 3.6 %

Shares of HQI stock traded down $0.55 during mid-day trading on Wednesday, hitting $14.58. 24,244 shares of the stock were exchanged, compared to its average volume of 12,946. The firm has a fifty day moving average of $13.56 and a 200 day moving average of $13.85. HireQuest has a 52-week low of $11.39 and a 52-week high of $15.75. The company has a market cap of $204.12 million, a PE ratio of 132.55 and a beta of 1.03.

Wall Street Analyst Weigh In

Separately, Barrington Research increased their target price on shares of HireQuest from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th.

About HireQuest

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.