Robert Half Inc. (NYSE:RHI) Plans Quarterly Dividend of $0.59

Key Points

• Robert Half declared a quarterly dividend of $0.59 per share, payable June 15 to shareholders of record May 22, implying a $2.36 annualized payout and a stated yield of 8.7%.
• The dividend's coverage is a concern: the payout ratio is currently 88.1%, and analysts' expected EPS of $2.21 for next year would imply a payout ratio around 106.8%, meaning the dividend may not be sustainable if earnings decline.
• In the latest quarter RHI reported EPS of $0.14 (meeting estimates) with revenue down 3.8% year‑over‑year, and the stock trades near $27 with a market cap of roughly $2.8 billion.

Robert Half Inc. (NYSE:RHI - Get Free Report) announced a quarterly dividend on Thursday, April 30th. Stockholders of record on Friday, May 22nd will be given a dividend of 0.59 per share by the business services provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend is Friday, May 22nd.

Robert Half has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 22 consecutive years. Robert Half has a dividend payout ratio of 88.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Equities research analysts expect Robert Half to earn $2.21 per share next year, which means the company may not be able to cover its $2.36 annual dividend with an expected future payout ratio of 106.8%.

Robert Half Trading Up 2.3%

Shares of NYSE RHI opened at $27.22 on Friday. The company has a market capitalization of $2.79 billion, a P/E ratio of 20.98 and a beta of 0.85. Robert Half has a 12 month low of $21.83 and a 12 month high of $48.54. The stock has a 50 day moving average of $24.97 and a 200-day moving average of $26.96.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm posted $0.17 EPS. The company's quarterly revenue was down 3.8% on a year-over-year basis. Analysts predict that Robert Half will post 1.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in RHI. Shayne & Jacobs LLC boosted its stake in shares of Robert Half by 7.5% in the first quarter. Shayne & Jacobs LLC now owns 153,425 shares of the business services provider's stock valued at $3,897,000 after buying an additional 10,660 shares during the period. Abel Hall LLC increased its stake in Robert Half by 56.7% during the 1st quarter. Abel Hall LLC now owns 20,180 shares of the business services provider's stock worth $513,000 after acquiring an additional 7,302 shares during the period. HB Wealth Management LLC raised its holdings in Robert Half by 11.4% in the 1st quarter. HB Wealth Management LLC now owns 8,344 shares of the business services provider's stock valued at $212,000 after acquiring an additional 856 shares in the last quarter. New York State Teachers Retirement System raised its holdings in Robert Half by 5.4% in the 1st quarter. New York State Teachers Retirement System now owns 100,974 shares of the business services provider's stock valued at $2,565,000 after acquiring an additional 5,185 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of Robert Half by 137.0% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 80,446 shares of the business services provider's stock valued at $2,043,000 after acquiring an additional 46,503 shares during the period. 92.41% of the stock is owned by institutional investors.

About Robert Half

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half's shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.

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