Robert Half Inc. (NYSE:RHI) Declares Quarterly Dividend of $0.59

Robert Half Inc. (NYSE:RHI) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Investors of record on Tuesday, February 25th will be paid 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 yield of 4.08%. 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 raised its dividend annually for the last 21 consecutive years. Robert Half has a dividend payout ratio of 58.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Robert Half to earn $3.63 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 58.4%.

Robert Half Price Performance

Shares of NYSE:RHI traded down $1.37 during trading on Wednesday, hitting $57.91. 974,349 shares of the company were exchanged, compared to its average volume of 1,267,366. The firm’s 50 day moving average price is $69.49 and its 200-day moving average price is $67.78. Robert Half has a 12-month low of $57.05 and a 12-month high of $83.25. The stock has a market capitalization of $5.98 billion, a P/E ratio of 23.73 and a beta of 1.23.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) 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, equities research analysts anticipate that Robert Half will post 2.53 EPS 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 stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the sale, the director now owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on RHI shares. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and increased their price objective for the company from $62.00 to $90.00 in a report on Friday, December 13th. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.