Robert Half International Inc. (NYSE:RHI) declared a quarterly dividend on Thursday, August 1st, RTT News reports. Investors of record on Friday, August 23rd will be given a dividend of 0.31 per share by the business services provider on Monday, September 16th. This represents a $1.24 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Thursday, August 22nd.
Robert Half International has raised its dividend payment by an average of 11.9% annually over the last three years and has increased its dividend every year for the last 15 years. Robert Half International has a payout ratio of 35.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Robert Half International to earn $4.21 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 29.5%.
Shares of Robert Half International stock opened at $55.76 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 14.45, a P/E/G ratio of 1.79 and a beta of 1.32. Robert Half International has a 1-year low of $52.79 and a 1-year high of $79.11. The firm’s 50-day moving average price is $57.90 and its two-hundred day moving average price is $61.03.
Several brokerages have weighed in on RHI. Zacks Investment Research cut shares of Robert Half International from a “hold” rating to a “sell” rating and set a $66.00 price objective on the stock. in a research note on Thursday, July 25th. Nomura upped their price objective on shares of Robert Half International from $69.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, BMO Capital Markets upped their price objective on shares of Robert Half International from $62.00 to $64.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $68.63.
Robert Half International Company Profile
Robert Half International Inc provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary personnel for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract consultants and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking, systems integration and deployment, database design and administration, and security and business continuity.
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