Robert Half International Inc. (NYSE:RHI) announced a quarterly dividend on Thursday, April 30th, RTT News reports. Stockholders of record on Tuesday, May 26th will be paid a dividend of 0.34 per share by the business services provider on Monday, June 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, May 22nd.
Robert Half International has raised its dividend by an average of 12.3% annually over the last three years and has raised its dividend every year for the last 16 years. Robert Half International has a payout ratio of 56.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Robert Half International to earn $3.03 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 44.9%.
Shares of NYSE RHI opened at $48.99 on Thursday. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 7.58 and a beta of 1.58. Robert Half International has a 12 month low of $32.38 and a 12 month high of $63.97. The firm’s 50 day simple moving average is $43.15 and its 200-day simple moving average is $53.48. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.76 and a quick ratio of 1.76.
A number of equities research analysts have recently commented on the stock. Royal Bank of Canada reaffirmed a “hold” rating and set a $47.00 price objective on shares of Robert Half International in a research note on Sunday, April 12th. Zacks Investment Research downgraded shares of Robert Half International from a “hold” rating to a “sell” rating and set a $63.00 price objective on the stock. in a report on Monday, February 3rd. BMO Capital Markets boosted their target price on shares of Robert Half International from $45.00 to $53.00 in a research note on Friday, April 24th. CL King decreased their price target on shares of Robert Half International from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Finally, SunTrust Banks lowered their price objective on Robert Half International from $67.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, April 3rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $54.80.
About Robert Half International
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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