Robert Half Inc. (NYSE:RHI) Stock to Pay Quarterly Dividend of $0.59

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

Robert Half has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 22 consecutive years. Robert Half has a payout ratio of 88.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 Price Performance

Robert Half stock opened at $42.66 on Friday. The firm’s 50 day simple moving average is $38.80 and its 200-day simple moving average is $32.16. The company has a market cap of $4.37 billion, a P/E ratio of 35.26 and a beta of 0.84. Robert Half has a fifty-two week low of $21.83 and a fifty-two week high of $47.14.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Robert Half from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, October 23rd. BMO Capital Markets raised their price objective on Robert Half from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday. Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Barclays increased their target price on Robert Half from $25.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Robert W. Baird set a $53.00 target price on Robert Half in a report on Friday, October 23rd. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Robert Half currently has an average rating of “Hold” and a consensus target price of $40.75.

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.