Robert Half Inc. (NYSE:RHI) Shares Will Pay Quarterly Dividend of $0.59

Robert Half Inc. (NYSE:RHI) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.59 per share by the business services provider on Tuesday, December 15th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, November 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 every year for the last 22 years. Robert Half has a dividend 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 decline. Analysts expect Robert Half to earn $2.03 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 116.3%.

Robert Half Trading Up 1.9%

NYSE RHI opened at $42.66 on Friday. The company’s fifty day simple moving average is $38.80 and its 200-day simple moving average is $32.16. Robert Half has a 52 week low of $21.83 and a 52 week high of $47.14. The stock has a market cap of $4.37 billion, a P/E ratio of 35.26 and a beta of 0.84.

Robert Half (NYSE:RHI) last announced its earnings results on Thursday, October 22nd. The business services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. Robert Half had a net margin of 2.30% and a return on equity of 9.83%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share. On average, research analysts expect that Robert Half will post 1.29 EPS for the current fiscal year.

Robert Half Company Profile

Robert Half Inc (NYSE: RHI) is a global talent solutions and business consulting company. Through its Robert Half brand, the company provides temporary, project-based and permanent staffing services, connecting employers with professionals in accounting and finance, administrative and customer support, technology, legal, and marketing and creative fields.

Robert Half also operates Protiviti, a global consulting firm that helps organizations address internal audit, risk and compliance, technology, business performance, and digital transformation challenges.