Information Services Group, Inc. (NASDAQ:III) Plans Quarterly Dividend of $0.05

Information Services Group, Inc. (NASDAQ:III - Get Free Report) announced a quarterly dividend on Monday, March 10th, Wall Street Journal reports. Investors of record on Friday, March 21st will be given a dividend of 0.045 per share by the business services provider on Friday, March 28th. This represents a $0.18 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend is Friday, March 21st.

Information Services Group has increased its dividend by an average of 35.7% per year over the last three years. Information Services Group has a payout ratio of 60.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Information Services Group to earn $0.16 per share next year, which means the company may not be able to cover its $0.18 annual dividend with an expected future payout ratio of 112.5%.

Information Services Group Price Performance

Shares of III traded down $0.03 during midday trading on Monday, hitting $3.28. The company's stock had a trading volume of 103,970 shares, compared to its average volume of 102,391. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. Information Services Group has a one year low of $2.92 and a one year high of $4.29. The stock has a market capitalization of $160.71 million, a price-to-earnings ratio of -46.78, a price-to-earnings-growth ratio of 1.34 and a beta of 1.15. The company's fifty day simple moving average is $3.18 and its two-hundred day simple moving average is $3.28.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on III shares. Barrington Research restated an "outperform" rating and issued a $3.75 price target on shares of Information Services Group in a research note on Monday. Singular Research raised shares of Information Services Group from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, November 14th. Finally, StockNews.com upgraded Information Services Group from a "hold" rating to a "buy" rating in a research note on Monday, November 11th.

Remove Ads

Information Services Group Company Profile

Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.