HireQuest, Inc. (HQI) To Go Ex-Dividend on March 3rd

HireQuest, Inc. (NASDAQ:HQI) declared a quarterly dividend on Thursday, February 13th, Wall Street Journal reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.06 per share on Monday, March 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Monday, March 3rd.

HireQuest has increased its dividend by an average of 1.4% annually over the last three years. HireQuest has a payout ratio of 27.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect HireQuest to earn $0.83 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 28.9%.

HireQuest Trading Up 1.3 %

Shares of HQI traded up $0.20 during mid-day trading on Friday, reaching $15.16. 13,424 shares of the stock traded hands, compared to its average volume of 13,619. The firm has a fifty day moving average price of $13.62 and a 200 day moving average price of $13.97. The company has a market cap of $212.24 million, a price-to-earnings ratio of 137.82 and a beta of 1.03. HireQuest has a 1 year low of $11.39 and a 1 year high of $15.75.

Wall Street Analyst Weigh In

Separately, Barrington Research lifted their price objective on shares of HireQuest from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, November 15th.

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.