Information Services Group, Inc. Declares 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. Investors of record on Friday, September 5th will be given a dividend of 0.045 per share by the business services provider on Friday, September 26th. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, September 5th.

Information Services Group has a 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. 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 Performance

NASDAQ:III traded down $0.03 during trading hours on Thursday, reaching $4.20. The company had a trading volume of 564,377 shares, compared to its average volume of 161,703. The business's 50 day moving average price is $4.71 and its 200-day moving average price is $4.01. Information Services Group has a 1-year low of $2.95 and a 1-year high of $5.28. The firm has a market cap of $202.46 million, a PE ratio of 28.00, a price-to-earnings-growth ratio of 1.22 and a beta of 1.23. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.42 and a quick ratio of 2.42.

Hedge Funds Weigh In On Information Services Group

A number of institutional investors have recently bought and sold shares of III. Raymond James Financial Inc. purchased a new stake in Information Services Group in the fourth quarter valued at $698,000. Ritholtz Wealth Management purchased a new stake in Information Services Group in the 2nd quarter valued at about $819,000. Russell Investments Group Ltd. lifted its position in Information Services Group by 11,468.6% in the fourth quarter. Russell Investments Group Ltd. now owns 115,686 shares of the business services provider's stock valued at $386,000 after buying an additional 114,686 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Information Services Group by 396.6% during the first quarter. Mackenzie Financial Corp now owns 98,124 shares of the business services provider's stock worth $384,000 after buying an additional 78,364 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Information Services Group during the first quarter valued at about $267,000. 73.10% of the stock is owned by hedge funds and other institutional investors.

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.

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