Robert Half Inc. (RHI) to Issue Quarterly Dividend of $0.59 on December 15th

Robert Half Inc. (NYSE:RHI) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Wednesday, November 25th will be paid 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 yield of 5.4%. The ex-dividend date of this dividend is Wednesday, November 25th.

Robert Half has raised its dividend 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% 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 $2.03 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 2.1%

Shares of RHI opened at $43.72 on Friday. Robert Half has a 1 year low of $21.83 and a 1 year high of $47.14. The stock has a market cap of $4.48 billion, a P/E ratio of 35.37 and a beta of 0.84. The stock’s 50-day moving average price is $38.79 and its two-hundred day moving average price is $32.23.

Robert Half (NYSE:RHI) last posted its earnings results on Thursday, October 22nd. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.36 billion. Robert Half had a return on equity of 9.83% and a net margin of 2.30%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 EPS. As a group, equities analysts forecast that Robert Half will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Robert Half from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, October 23rd. The Goldman Sachs Group upped their target price on shares of Robert Half from $29.00 to $33.00 and gave the company a “sell” rating in a research note on Friday, October 23rd. Barclays increased their target price on shares of Robert Half from $25.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday. Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Weiss Ratings raised shares of Robert Half from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $40.75.

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.