HireQuest, Inc. (HQI) To Go Ex-Dividend on September 1st

HireQuest, Inc. (NASDAQ:HQI) declared a quarterly dividend on Wednesday, August 12th. Investors of record on Tuesday, September 1st will be paid a dividend of 0.06 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Tuesday, September 1st.

HireQuest has increased its dividend payment by an average of 0.2%per year over the last three years. HireQuest has a dividend payout ratio of 42.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect HireQuest to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 26.7%.

HireQuest Price Performance

HQI opened at $16.38 on Friday. The stock’s 50 day moving average price is $13.99 and its 200 day moving average price is $12.32. The stock has a market cap of $227.68 million, a P/E ratio of 28.74 and a beta of 1.11. HireQuest has a 12 month low of $7.38 and a 12 month high of $19.01.

HireQuest (NASDAQ:HQI) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.10. The company had revenue of $8.10 million during the quarter, compared to analyst estimates of $7.10 million. HireQuest had a return on equity of 16.35% and a net margin of 27.06%. Equities analysts anticipate that HireQuest will post 0.8 EPS for the current year.

About HireQuest

HireQuest, Inc is a publicly traded holding company that provides equipment rental and workforce solutions across North America through two primary operating subsidiaries. Its Coast Equipment Rentals division offers a broad range of support equipment—such as pumps, trench safety systems, power and HVAC units, air compressors, light towers and generators—to the construction, industrial, municipal and environmental markets. Coast Equipment Rentals operates more than 135 branch locations in 36 U.S.