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.
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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