Barrett Business Services, Inc. (NASDAQ:BBSI) to Issue Quarterly Dividend of $0.08

Barrett Business Services, Inc. (NASDAQ:BBSI) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Friday, May 22nd will be paid a dividend of 0.08 per share by the business services provider on Friday, June 5th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, May 22nd.

Barrett Business Services has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 1 years. Barrett Business Services has a dividend payout ratio of 13.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Barrett Business Services to earn $2.22 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 14.4%.

Barrett Business Services Stock Performance

Shares of NASDAQ BBSI opened at $29.44 on Thursday. The firm has a market capitalization of $723.05 million, a price-to-earnings ratio of 14.09, a PEG ratio of 1.01 and a beta of 0.97. The stock has a 50 day moving average price of $29.17 and a 200 day moving average price of $34.05. Barrett Business Services has a 52-week low of $25.33 and a 52-week high of $49.65.

Barrett Business Services (NASDAQ:BBSI) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.02. The firm had revenue of $307.01 million during the quarter, compared to analyst estimates of $306.68 million. Barrett Business Services had a return on equity of 23.67% and a net margin of 4.39%.Barrett Business Services’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) earnings per share. Analysts forecast that Barrett Business Services will post 1.88 earnings per share for the current year.

About Barrett Business Services

Barrett Business Services, Inc (NASDAQ: BBSI) is a professional employer organization (PEO) headquartered in Northridge, California. Founded in 1971 by Barrett K. Levesque, the company provides comprehensive human resources outsourcing solutions to small and mid-sized businesses. Through its consultative model, Barrett Business Services helps clients streamline administrative processes, mitigate regulatory risk and focus on core operations.

The company’s core offerings include payroll administration, employee benefits management, workers’ compensation and risk management services.