Information Services Group, Inc. (NASDAQ:III) Shares Will Pay Quarterly Dividend of $0.04

Key Points

• Information Services Group declared a quarterly dividend of $0.045 per share, equivalent to $0.18 annually and a 2.9% yield. Shareholders of record on December 4 will be paid on December 18, with December 4 listed as the ex-dividend date.
• The dividend currently has a 100% payout ratio, meaning earnings do not fully cover it; however, analysts expect next year’s earnings to support a lower projected payout ratio of 50%.
• ISG reported quarterly earnings of $0.10 per share and revenue of $65.11 million, beating analyst estimates. Its shares rose 3% to $6.28 during Monday trading.

Information Services Group, Inc. (NASDAQ:III - Get Free Report) announced a quarterly dividend on Monday, November 2nd. Stockholders of record on Friday, December 4th will be paid a dividend of $0.0450 per share by the business services provider on Friday, December 18th. This represents a $0.18 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, December 4th.

Information Services Group has a payout ratio of 100.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Information Services Group to earn $0.36 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 50.0%.

Information Services Group Stock Up 3.0%

Shares of Information Services Group stock traded up $0.18 during trading hours on Monday, hitting $6.28. The company had a trading volume of 914,551 shares, compared to its average volume of 258,309. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.81 and a quick ratio of 2.81. The company's 50-day moving average is $5.50 and its two-hundred day moving average is $4.71. The company has a market cap of $304.03 million, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 1.35 and a beta of 1.11. Information Services Group has a twelve month low of $3.74 and a twelve month high of $6.45.

Information Services Group (NASDAQ:III - Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The business services provider reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.04. The firm had revenue of $65.11 million during the quarter, compared to analysts' expectations of $64.02 million. Information Services Group had a net margin of 4.67% and a return on equity of 13.59%. Analysts anticipate that Information Services Group will post 0.28 earnings per share for the current fiscal year.

About Information Services Group

Information Services Group, Inc NASDAQ: III is a global technology research and advisory firm that helps organizations evaluate, plan and manage technology-related business initiatives. The company provides data, insights and consulting services to enterprises, technology providers and other organizations navigating changes in digital technology and business operations.

ISG's services cover areas including digital transformation, cloud computing, artificial intelligence, automation, cybersecurity, data and analytics, enterprise applications, and information technology sourcing.

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