BG Staffing Inc (BGSF) Announces Quarterly Dividend of $0.30

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BG Staffing Inc (NYSEAMERICAN:BGSF) announced a quarterly dividend on Thursday, February 7th, Wall Street Journal reports. Investors of record on Tuesday, February 19th will be given a dividend of 0.30 per share by the business services provider on Tuesday, February 26th. This represents a $1.20 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend is Friday, February 15th.

BG Staffing has raised its dividend by an average of 8.5% per year over the last three years. BG Staffing has a dividend payout ratio of 73.6% indicating that its dividend is sufficiently covered by earnings.

Shares of BGSF stock opened at $26.50 on Friday. BG Staffing has a fifty-two week low of $16.14 and a fifty-two week high of $29.59.

In other BG Staffing news, Director Douglas Hailey sold 4,328 shares of the business’s stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $25.00, for a total value of $108,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dan Hollenbach sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $25.00, for a total value of $50,000.00. The disclosure for this sale can be found here. Insiders sold 34,933 shares of company stock valued at $859,660 in the last quarter.

Several brokerages have weighed in on BGSF. Zacks Investment Research upgraded BG Staffing from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research report on Thursday, November 1st. Taglich Brothers reiterated a “speculative buy” rating on shares of BG Staffing in a research report on Tuesday, November 6th.

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BG Staffing Company Profile

BG Staffing, Inc provides temporary staffing services in the United States. It operates in three segments: Multifamily, Professional, and Commercial. The Multifamily segment offers temporary front office and maintenance personnel to the various apartment communities. The Professional segment provides skilled temporary IT professionals with expertise in SAP, Workday, Olik View, Hyperion, Oracle, project management, and other IT staffing skills, as well as finance, accounting, and related support personnel.

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Dividend History for BG Staffing (NYSEAMERICAN:BGSF)

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