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

Information Services Group, Inc. (NASDAQ:III - Get Free Report) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Tuesday, December 3rd will be paid a dividend of 0.045 per share by the business services provider on Friday, December 20th. This represents a $0.18 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend is Tuesday, December 3rd.

Information Services Group has a dividend payout ratio of 112.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Information Services Group to earn $0.26 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 69.2%.

Information Services Group Stock Up 0.6 %

NASDAQ III traded up $0.02 during trading on Friday, hitting $3.35. 226,018 shares of the company traded hands, compared to its average volume of 77,223. Information Services Group has a 12 month low of $2.92 and a 12 month high of $4.98. The business has a fifty day simple moving average of $3.20 and a 200 day simple moving average of $3.22. The company has a market capitalization of $163.79 million, a P/E ratio of -47.86, a PEG ratio of 2.72 and a beta of 0.96. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.78.

Analyst Ratings Changes

A number of equities analysts have recently commented on III shares. Singular Research upgraded Information Services Group to a "moderate buy" rating in a research note on Wednesday, August 28th. Barrington Research reaffirmed an "outperform" rating and issued a $3.50 target price on shares of Information Services Group in a report on Wednesday, October 30th.

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.