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

HireQuest, Inc. (NASDAQ:HQI) announced a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Stockholders of record on Monday, December 2nd will be paid a dividend of 0.06 per share on Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Monday, December 2nd.

HireQuest has raised its dividend by an average of 33.9% per year over the last three years. HireQuest has a dividend payout ratio of 31.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect HireQuest to earn $0.78 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 30.8%.

HireQuest Stock Performance

HQI stock traded down $0.21 on Thursday, reaching $14.36. The company’s stock had a trading volume of 12,530 shares, compared to its average volume of 13,806. The business has a fifty day simple moving average of $13.98 and a two-hundred day simple moving average of $13.28. The firm has a market cap of $201.04 million, a PE ratio of 132.45 and a beta of 1.02. HireQuest has a 12-month low of $11.39 and a 12-month high of $17.31.

Analyst Ratings Changes

Several brokerages recently issued reports on HQI. DA Davidson reiterated a “buy” rating and set a $19.00 price target on shares of HireQuest in a research report on Friday, August 9th. Barrington Research raised their target price on HireQuest from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd.

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.