Information Services Group, Inc. (NASDAQ:III) Plans $0.05 Quarterly Dividend

Information Services Group, Inc. (NASDAQ:III) declared a quarterly dividend on Monday, August 5th, Zacks reports. Shareholders of record on Friday, September 6th will be paid a dividend of 0.045 per share by the business services provider on Friday, October 4th. This represents a $0.18 annualized dividend and a yield of 5.66%. The ex-dividend date of this dividend is Friday, September 6th.

Information Services Group has a payout ratio of 62.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Information Services Group to earn $0.30 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 60.0%.

Information Services Group Price Performance

NASDAQ:III traded up $0.01 during trading hours on Wednesday, hitting $3.18. 8,023 shares of the stock traded hands, compared to its average volume of 110,381. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.78. Information Services Group has a 1 year low of $2.92 and a 1 year high of $5.36. The company has a market cap of $154.77 million, a price-to-earnings ratio of -160.50, a price-to-earnings-growth ratio of 1.46 and a beta of 0.95. The stock has a 50 day moving average price of $3.20 and a 200 day moving average price of $3.67.

Information Services Group (NASDAQ:III) last issued its quarterly earnings results on Thursday, May 9th. The business services provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.05). Information Services Group had a negative net margin of 0.26% and a positive return on equity of 7.81%. The firm had revenue of $64.27 million for the quarter, compared to analysts’ expectations of $66.05 million. Sell-side analysts forecast that Information Services Group will post 0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Barrington Research reissued an “outperform” rating and issued a $3.50 target price on shares of Information Services Group in a report on Wednesday.

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.