Robert Half Inc. (NYSE:RHI) Announces Dividend Increase – $0.59 Per Share

Robert Half Inc. (NYSE:RHI) declared a quarterly dividend on Wednesday, February 12th, RTT News reports. Stockholders of record on Tuesday, February 25th will be given a dividend of 0.59 per share by the business services provider on Friday, March 14th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Tuesday, February 25th. This is an increase from Robert Half’s previous quarterly dividend of $0.53.

Robert Half has raised its dividend by an average of 11.7% per year over the last three years and has increased its dividend every year for the last 22 years. Robert Half has a payout ratio of 64.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Robert Half to earn $3.57 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 66.1%.

Robert Half Price Performance

Shares of Robert Half stock opened at $60.00 on Friday. The firm has a market cap of $6.13 billion, a PE ratio of 24.59 and a beta of 1.23. Robert Half has a 1 year low of $57.05 and a 1 year high of $83.25. The company has a 50 day simple moving average of $67.04 and a two-hundred day simple moving average of $67.55.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. As a group, research analysts anticipate that Robert Half will post 2.48 earnings per share for the current year.

Insider Activity at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the transaction, the director now owns 12,310 shares of the company’s stock, valued at $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target for the company in a research report on Monday, February 10th. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and boosted their price objective for the company from $62.00 to $90.00 in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Robert Half presently has a consensus rating of “Hold” and a consensus price target of $74.92.

Robert Half Company Profile

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.