Heidrick & Struggles International, Inc. Plans Quarterly Dividend of $0.15 (NASDAQ:HSII)

Key Points

• Heidrick & Struggles International, Inc. has announced a quarterly dividend of $0.15 per share, with a payment date set for August 28th for investors recorded on August 14th.
• The company has a dividend payout ratio of 17.6%, indicating robust coverage by earnings, and is projected to maintain this with an expected future payout ratio of 20.7% as earnings per share are anticipated to reach $2.90 next year.
• During recent trading, Heidrick & Struggles stock reached $43.52, reflecting moderate volume and a market capitalization of approximately $897.43 million.

Heidrick & Struggles International, Inc. (NASDAQ:HSII - Get Free Report) declared a quarterly dividend on Monday, August 4th, RTT News reports. Investors of record on Thursday, August 14th will be given a dividend of 0.15 per share by the business services provider on Thursday, August 28th. This represents a c) annualized dividend and a yield of 1.3%.

Heidrick & Struggles International has a dividend payout ratio of 17.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Heidrick & Struggles International to earn $2.90 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 20.7%.

Heidrick & Struggles International Trading Down 0.2%

NASDAQ HSII traded down $0.10 during trading hours on Wednesday, hitting $45.57. 53,736 shares of the company's stock were exchanged, compared to its average volume of 132,978. The stock has a 50-day simple moving average of $45.16 and a 200 day simple moving average of $43.52. Heidrick & Struggles International has a 1-year low of $35.38 and a 1-year high of $51.24. The firm has a market cap of $939.55 million, a price-to-earnings ratio of 28.70, a PEG ratio of 0.95 and a beta of 1.06.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last released its earnings results on Monday, August 4th. The business services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.74 by $0.11. Heidrick & Struggles International had a return on equity of 15.05% and a net margin of 2.92%. The business had revenue of $317.25 million during the quarter, compared to analysts' expectations of $292.94 million. On average, sell-side analysts anticipate that Heidrick & Struggles International will post 2.68 earnings per share for the current fiscal year.

Institutional Trading of Heidrick & Struggles International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS purchased a new stake in shares of Heidrick & Struggles International in the fourth quarter worth approximately $173,000. Vanguard Group Inc. raised its stake in shares of Heidrick & Struggles International by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 1,517,661 shares of the business services provider's stock worth $67,248,000 after purchasing an additional 14,035 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Heidrick & Struggles International by 398.7% in the fourth quarter. JPMorgan Chase & Co. now owns 200,982 shares of the business services provider's stock worth $8,906,000 after purchasing an additional 160,677 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of Heidrick & Struggles International in the fourth quarter worth approximately $445,000. Finally, Alliancebernstein L.P. raised its stake in shares of Heidrick & Struggles International by 345.3% in the fourth quarter. Alliancebernstein L.P. now owns 85,800 shares of the business services provider's stock worth $3,802,000 after purchasing an additional 66,530 shares during the last quarter. 90.13% of the stock is owned by institutional investors.

About Heidrick & Struggles International

Heidrick & Struggles International, Inc engages in provision of leadership consulting, culture shaping and senior-level executive search services. It offers its clients build leadership teams through facilitating the recruitment, management and deployment of senior executives. It operates under the following segments: Americas, Europe, Asia Pacific, Heidrick Consulting, and On Demand Talent Business.