Barrett Business Services, Inc. Announces Quarterly Dividend of $0.08 (NASDAQ:BBSI)

Barrett Business Services, Inc. (NASDAQ:BBSI) declared a quarterly dividend on Wednesday, February 25th. Stockholders of record on Friday, March 13th will be given a dividend of 0.08 per share by the business services provider on Friday, March 27th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th.

Barrett Business Services has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 1 years. Barrett Business Services has a payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Barrett Business Services to earn $2.21 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 14.5%.

Barrett Business Services Stock Performance

NASDAQ BBSI traded down $5.00 during mid-day trading on Thursday, reaching $26.47. 311,560 shares of the stock were exchanged, compared to its average volume of 185,578. Barrett Business Services has a 1 year low of $25.33 and a 1 year high of $49.65. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market capitalization of $678.11 million, a P/E ratio of 12.78, a P/E/G ratio of 0.77 and a beta of 0.99. The business’s 50 day moving average is $36.13 and its 200-day moving average is $39.86.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings data on Wednesday, February 25th. The business services provider reported $0.64 EPS for the quarter, meeting the consensus estimate of $0.64. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $323.43 million. Barrett Business Services had a return on equity of 24.36% and a net margin of 4.48%.Barrett Business Services’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $0.63 earnings per share. On average, equities research analysts forecast that Barrett Business Services will post 2 EPS for the current fiscal year.

About Barrett Business Services

Barrett Business Services, Inc (NASDAQ: BBSI) is a professional employer organization (PEO) headquartered in Northridge, California. Founded in 1971 by Barrett K. Levesque, the company provides comprehensive human resources outsourcing solutions to small and mid-sized businesses. Through its consultative model, Barrett Business Services helps clients streamline administrative processes, mitigate regulatory risk and focus on core operations.

The company’s core offerings include payroll administration, employee benefits management, workers’ compensation and risk management services.