Robert Half Inc. (NYSE:RHI) to Issue Dividend Increase – $0.59 Per Share

Robert Half Inc. (NYSE:RHI) announced a quarterly dividend on Wednesday, February 12th,RTT News reports. Investors of record on Tuesday, February 25th will be paid a dividend of 0.59 per share by the business services provider on Friday, March 14th. This represents a $2.36 dividend on an annualized basis and a yield of 4.08%. This is a positive change from Robert Half’s previous quarterly dividend of $0.53.

Robert Half has raised its dividend by an average of 11.7% per year over the last three years and has raised its dividend annually for the last 21 consecutive years. Robert Half has a dividend payout ratio of 58.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Robert Half to earn $3.63 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 58.4%.

Robert Half Trading Down 2.3 %

Robert Half stock opened at $57.91 on Thursday. Robert Half has a 1 year low of $57.05 and a 1 year high of $83.25. The company’s 50-day moving average is $69.16 and its two-hundred day moving average is $67.71. The company has a market cap of $5.98 billion, a PE ratio of 23.73 and a beta of 1.23.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. Research analysts forecast that Robert Half will post 2.53 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and upped their price target for the company from $62.00 to $90.00 in a research note on Friday, December 13th. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. Finally, BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price on the stock in a report on Monday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $74.92.

Insider Transactions at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the transaction, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. This represents a 7.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is owned by insiders.

Robert Half Company Profile

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.