Information Services Group, Inc. (III) To Go Ex-Dividend on December 3rd

Information Services Group, Inc. (NASDAQ:III) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders 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 dividend yield of 5.37%. The ex-dividend date is Tuesday, December 3rd.

Information Services Group has a dividend payout ratio of 112.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Performance

Shares of III stock traded up $0.02 during trading hours on Friday, reaching $3.35. The stock had a trading volume of 226,018 shares, compared to its average volume of 77,223. The firm has a 50-day simple moving average of $3.20 and a 200-day simple moving average of $3.22. The firm has a market capitalization of $163.78 million, a PE ratio of -111.63, a price-to-earnings-growth ratio of 2.72 and a beta of 0.96. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.14 and a quick ratio of 2.14. Information Services Group has a twelve month low of $2.92 and a twelve month high of $4.98.

Analyst Upgrades and Downgrades

III has been the subject of several research analyst reports. Barrington Research reissued an “outperform” rating and set a $3.50 target price on shares of Information Services Group in a research note on Wednesday, October 30th. Singular Research upgraded Information Services Group to a “moderate buy” rating in a research note on Wednesday, August 28th.

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.