HireQuest, Inc. (NASDAQ:HQI) Plans $0.06 Quarterly Dividend

HireQuest, Inc. (NASDAQ:HQI – Get Free Report) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.06 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st.

HireQuest has increased its dividend payment by an average of 0.2%per year over the last three years. HireQuest has a payout ratio of 42.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect HireQuest to earn $0.61 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 39.3%.

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HireQuest Price Performance

Shares of HQI opened at $13.15 on Friday. The company has a market capitalization of $182.79 million, a price-to-earnings ratio of 28.59 and a beta of 1.08. HireQuest has a fifty-two week low of $7.38 and a fifty-two week high of $13.39. The business’s 50-day moving average is $11.15 and its 200-day moving average is $10.52.

HireQuest (NASDAQ:HQI – Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $6.52 million for the quarter, compared to the consensus estimate of $6.75 million. HireQuest had a return on equity of 14.90% and a net margin of 21.98%. Equities research analysts expect that HireQuest will post 0.57 earnings per share for the current fiscal year.

HireQuest Company Profile

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HireQuest, Inc is a publicly traded holding company that provides equipment rental and workforce solutions across North America through two primary operating subsidiaries. Its Coast Equipment Rentals division offers a broad range of support equipment—such as pumps, trench safety systems, power and HVAC units, air compressors, light towers and generators—to the construction, industrial, municipal and environmental markets. Coast Equipment Rentals operates more than 135 branch locations in 36 U.S.

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