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

HireQuest, Inc. (NASDAQ:HQI - Get Free Report) announced a quarterly dividend on Thursday, February 13th, Wall Street Journal reports. Stockholders 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 dividend yield of 1.64%. 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 payout ratio of 27.0% indicating that its dividend is sufficiently covered by earnings. Equities 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

Shares of HQI traded up $0.50 on Friday, reaching $14.67. The stock had a trading volume of 16,948 shares, compared to its average volume of 13,134. The firm has a market capitalization of $205.38 million, a price-to-earnings ratio of 133.36 and a beta of 1.03. The company has a 50-day simple moving average of $13.54 and a 200-day simple moving average of $13.88. HireQuest has a 12-month low of $11.39 and a 12-month high of $15.75.

Analyst Upgrades and Downgrades

Separately, Barrington Research raised their target price 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.