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

HireQuest, Inc. (NASDAQ:HQI) declared a quarterly dividend on Tuesday, November 12th,Wall Street Journal reports. Shareholders of record on Monday, December 2nd will be given a dividend of 0.06 per share on Monday, December 16th. This represents a $0.24 annualized dividend and a 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 Down 1.4 %

HQI stock traded down $0.21 during midday trading on Thursday, reaching $14.36. The stock had a trading volume of 12,538 shares, compared to its average volume of 13,806. The firm has a market cap of $201.04 million, a price-to-earnings ratio of 130.55 and a beta of 1.02. HireQuest has a twelve month low of $11.39 and a twelve month high of $17.31. The business has a fifty day simple moving average of $13.98 and a two-hundred day simple moving average of $13.28.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HQI. DA Davidson reaffirmed a “buy” rating and issued a $19.00 price target on shares of HireQuest in a research note on Friday, August 9th. Barrington Research raised their target price on shares of HireQuest from $16.00 to $17.00 and gave the stock an “outperform” rating in a report 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.