Information Services Group, Inc. Announces Quarterly Dividend of $0.05 (NASDAQ:III)

Key Points

• Information Services Group, Inc. declared a quarterly dividend of $0.05 per share, with an ex-dividend date of September 5th and a payment date of September 26th, resulting in an annualized yield of 4.3%.
• The company's current payout ratio is at 100%, indicating the dividend is covered by earnings, but future earnings are projected to only allow a payout ratio of 112.5%, which raises concerns about sustainability.
• As of the latest trading session, Information Services Group's stock was valued at $4.20, with a market cap of approximately $202.46 million, as institutional investors hold about 73.10% of the stock.

Information Services Group, Inc. (NASDAQ:III - Get Free Report) declared a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Shareholders of record on Friday, September 5th will be paid a dividend of 0.045 per share by the business services provider on Friday, September 26th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, September 5th.

Information Services Group has a dividend payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Equities analysts expect Information Services Group to earn $0.16 per share next year, which means the company may not be able to cover its $0.18 annual dividend with an expected future payout ratio of 112.5%.

Information Services Group Stock Up 6.8%

Information Services Group stock traded up $0.30 during mid-day trading on Monday, hitting $4.74. The company had a trading volume of 688,354 shares, compared to its average volume of 239,060. The stock's 50 day moving average price is $4.68 and its two-hundred day moving average price is $4.05. The company has a market capitalization of $228.42 million, a PE ratio of 31.60, a price-to-earnings-growth ratio of 1.28 and a beta of 1.23. Information Services Group has a 12 month low of $2.95 and a 12 month high of $5.28. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.63.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Sidoti raised shares of Information Services Group to a "hold" rating in a report on Monday, May 12th. Barrington Research reiterated an "outperform" rating and set a $5.50 price target on shares of Information Services Group in a research note on Friday, July 18th. Finally, Wall Street Zen raised shares of Information Services Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday.

About Information Services Group

Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.