Heidrick & Struggles International, Inc. Declares Quarterly Dividend of $0.15 (NASDAQ:HSII)

Heidrick & Struggles International, Inc. (NASDAQ:HSII) declared a quarterly dividend on Monday, March 3rd, Wall Street Journal reports. Investors of record on Thursday, March 13th will be given a dividend of 0.15 per share by the business services provider on Thursday, March 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, March 13th.

Heidrick & Struggles International has a dividend payout ratio of 17.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Heidrick & Struggles International to earn $2.90 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 20.7%.

Heidrick & Struggles International Price Performance

Shares of NASDAQ:HSII opened at $44.62 on Tuesday. The stock has a market capitalization of $910.69 million, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 0.91 and a beta of 0.80. The business’s fifty day moving average price is $44.55 and its two-hundred day moving average price is $42.37. Heidrick & Struggles International has a fifty-two week low of $29.03 and a fifty-two week high of $49.02.

Insider Transactions at Heidrick & Struggles International

In related news, CEO Thomas L. Monahan purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $45.55 per share, with a total value of $227,750.00. Following the completion of the purchase, the chief executive officer now directly owns 144,834 shares of the company’s stock, valued at $6,597,188.70. This trade represents a 3.58 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HSII shares. Truist Financial reiterated a “hold” rating and set a $42.00 target price (up previously from $40.00) on shares of Heidrick & Struggles International in a research report on Wednesday, December 4th. Barrington Research lifted their target price on shares of Heidrick & Struggles International from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th.

About Heidrick & Struggles International

Heidrick & Struggles International, Inc engages in provision of leadership consulting, culture shaping and senior-level executive search services. It offers its clients build leadership teams through facilitating the recruitment, management and deployment of senior executives. It operates under the following segments: Americas, Europe, Asia Pacific, Heidrick Consulting, and On Demand Talent Business.