Robert Half Inc. (NYSE:RHI) Shareholders to Collect $0.59 Quarterly Dividend

Robert Half Inc. (NYSE:RHI) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Wednesday, November 25th will be given 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 dividend yield of 5.5%. The ex-dividend date is Wednesday, November 25th.

Robert Half has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 22 consecutive years. Robert Half has a payout ratio of 88.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research 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 Stock Performance

RHI stock opened at $42.66 on Friday. The company has a fifty day moving average of $38.80 and a 200-day moving average of $32.16. The stock has a market capitalization of $4.37 billion, a PE ratio of 35.26 and a beta of 0.84. Robert Half has a one year low of $21.83 and a one year high of $47.14.

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

Institutional Investors Weigh In On Robert Half

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RHI. BlackRock Inc. acquired a new stake in shares of Robert Half during the second quarter worth about $409,875,000. Pzena Investment Management LLC purchased a new position in Robert Half during the 2nd quarter valued at about $191,025,000. Bank of America Corp DE purchased a new position in shares of Robert Half during the second quarter valued at approximately $38,460,000. Hawk Ridge Capital Management LP grew its stake in shares of Robert Half by 134.2% during the 1st quarter. Hawk Ridge Capital Management LP now owns 1,785,400 shares of the business services provider’s stock valued at $45,349,000 after buying an additional 1,023,000 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Robert Half by 281.2% in the 1st quarter. First Trust Advisors LP now owns 1,333,720 shares of the business services provider’s stock worth $33,876,000 after acquiring an additional 983,842 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

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.