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

Robert Half Inc. (NYSE:RHI) declared a quarterly dividend on Monday, August 3rd. Stockholders of record on Tuesday, August 25th will be paid 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 dividend yield of 6.1%. The ex-dividend date is Tuesday, August 25th.

Robert Half has raised its dividend payment by an average of 0.1%annually 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% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research 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 Price Performance

Shares of RHI opened at $38.67 on Tuesday. The company has a market cap of $3.96 billion, a PE ratio of 33.62 and a beta of 0.79. The firm has a 50-day moving average of $33.69 and a 200-day moving average of $28.86. Robert Half has a one year low of $21.83 and a one year high of $42.25.

Robert Half (NYSE:RHI) last issued its earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the firm earned $0.41 EPS. Robert Half’s quarterly revenue was down 2.4% compared to the same quarter last year. Analysts expect that Robert Half will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RHI. Truist Financial upped their price objective on Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. William Blair upgraded Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group boosted their target price on Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a report on Friday, July 24th. Robert W. Baird set a $47.00 price target on Robert Half in a research note on Monday, July 27th. Finally, Weiss Ratings raised Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 17th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $34.75.

About Robert Half

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.