Heidrick & Struggles International, Inc. (HSII) To Go Ex-Dividend on March 13th

Heidrick & Struggles International, Inc. (NASDAQ:HSII) announced a quarterly dividend on Monday, March 3rd, Wall Street Journal reports. Investors of record on Thursday, March 13th will be given a dividend of 0.15 per share by the business services provider on Thursday, March 27th. This represents a $0.60 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, March 13th.

Heidrick & Struggles International has a payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Heidrick & Struggles International to earn $2.90 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 20.7%.

Heidrick & Struggles International Stock Down 4.7 %

NASDAQ:HSII opened at $44.62 on Tuesday. The company’s 50 day moving average is $44.55 and its 200-day moving average is $42.37. Heidrick & Struggles International has a 12 month low of $29.03 and a 12 month high of $49.02. The firm has a market cap of $910.69 million, a price-to-earnings ratio of 24.12, a P/E/G ratio of 0.91 and a beta of 0.80.

Analyst Upgrades and Downgrades

HSII has been the topic of several recent analyst reports. Barrington Research lifted their target price on shares of Heidrick & Struggles International from $50.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Truist Financial reiterated a “hold” rating and issued a $42.00 price objective (up from $40.00) on shares of Heidrick & Struggles International in a research note on Wednesday, December 4th.

Insider Activity at Heidrick & Struggles International

In other news, CEO Thomas L. Monahan bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average cost of $45.55 per share, for a total transaction of $227,750.00. Following the completion of the purchase, the chief executive officer now owns 144,834 shares of the company’s stock, valued at $6,597,188.70. This trade represents a 3.58 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

About Heidrick & Struggles International

Heidrick & Struggles International, Inc engages in provision of leadership consulting, culture shaping and senior-level executive search services. It offers its clients build leadership teams through facilitating the recruitment, management and deployment of senior executives. It operates under the following segments: Americas, Europe, Asia Pacific, Heidrick Consulting, and On Demand Talent Business.