Robert Half Inc. Announces Quarterly Dividend of $0.59 (NYSE:RHI)

Robert Half Inc. (NYSE:RHI) announced a quarterly dividend on Monday, August 3rd. Investors of record on Tuesday, August 25th will be given a dividend of 0.59 per share by the business services provider on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Tuesday, August 25th.

Robert Half has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 22 consecutive years. Robert Half has a payout ratio of 88.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Robert Half to earn $2.04 per share next year, which means the company may not be able to cover its $2.36 annual dividend with an expected future payout ratio of 115.7%.

Robert Half Stock Performance

Shares of RHI stock opened at $38.67 on Tuesday. The business’s 50 day moving average price is $33.69 and its 200-day moving average price is $28.86. The firm has a market cap of $3.96 billion, a P/E ratio of 33.62 and a beta of 0.79. Robert Half has a fifty-two week low of $21.83 and a fifty-two week high of $42.25.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.The firm’s revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. As a group, equities analysts predict that Robert Half will post 1.29 EPS for the current year.

Robert Half Company Profile

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.