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

Information Services Group, Inc. (NASDAQ:III) announced a quarterly dividend on Monday, March 10th, Wall Street Journal reports. Investors of record on Friday, March 21st will be given a dividend of 0.045 per share by the business services provider on Friday, March 28th. This represents a $0.18 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend is Friday, March 21st.

Information Services Group has increased its dividend by an average of 35.7% per year over the last three years. Information Services Group has a payout ratio of 60.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Information Services Group to earn $0.16 per share next year, which means the company may not be able to cover its $0.18 annual dividend with an expected future payout ratio of 112.5%.

Information Services Group Price Performance

Shares of III traded down $0.03 during midday trading on Monday, hitting $3.28. The company’s stock had a trading volume of 103,970 shares, compared to its average volume of 102,391. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. Information Services Group has a one year low of $2.92 and a one year high of $4.29. The stock has a market capitalization of $160.71 million, a price-to-earnings ratio of -46.78, a price-to-earnings-growth ratio of 1.34 and a beta of 1.15. The company’s fifty day simple moving average is $3.18 and its two-hundred day simple moving average is $3.28.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on III shares. Barrington Research restated an “outperform” rating and issued a $3.75 price target on shares of Information Services Group in a research note on Monday. Singular Research raised shares of Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th. Finally, StockNews.com upgraded Information Services Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th.

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.