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

Key Points

• Robert Half Inc. declared a quarterly dividend of $0.59 per share, payable on September 15th, with stockholders of record by August 25th.
• The company has a payout ratio of 88.1%, suggesting it is currently covering its dividend with earnings, but future earnings declines may affect this coverage.
• In its latest earnings report, Robert Half reported $1.37 billion in revenue for the quarter, which is a 7% decline year-over-year, while earnings per share beat expectations at $0.41.

Robert Half Inc. (NYSE:RHI - Get Free Report) announced a quarterly dividend on Monday, August 4th, RTT News reports. Investors of record on Monday, August 25th will be paid a dividend of 0.59 per share by the business services provider on Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Monday, August 25th.

Robert Half has a dividend payout ratio of 88.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Equities analysts expect Robert Half to earn $3.57 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 66.1%.

Robert Half Trading Down 1.9%

Shares of RHI traded down $0.67 on Wednesday, reaching $34.56. 788,578 shares of the company's stock traded hands, compared to its average volume of 1,700,574. The stock has a market cap of $3.53 billion, a PE ratio of 19.77 and a beta of 1.02. The stock's 50 day simple moving average is $41.77 and its two-hundred day simple moving average is $49.58. Robert Half has a 52-week low of $34.51 and a 52-week high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business posted $0.66 EPS. Robert Half's quarterly revenue was down 7.0% compared to the same quarter last year. Analysts forecast that Robert Half will post 2.48 earnings per share for the current year.

About Robert Half

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.