Barrett Business Services, Inc. (bbsi) Plans $0.25 Quarterly Dividend
Barrett Business Services, Inc. (NASDAQ:bbsi) announced a quarterly dividend on Tuesday, May 9th. Investors of record on Monday, May 22nd will be paid a dividend of 0.25 per share by the business services provider on Monday, June 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Thursday, May 18th.
Shares of Barrett Business Services (NASDAQ:BBSI) traded up 0.14% during midday trading on Wednesday, hitting $57.65. 30,288 shares of the company were exchanged. Barrett Business Services has a one year low of $27.28 and a one year high of $66.93. The stock has a market cap of $417.90 million, a PE ratio of 27.34 and a beta of 1.17. The stock’s 50-day moving average is $55.39 and its 200-day moving average is $57.60.
In other Barrett Business Services news, Director Thomas J. Carley acquired 3,002 shares of Barrett Business Services stock in a transaction dated Tuesday, March 14th. The stock was bought at an average cost of $52.30 per share, with a total value of $157,004.60. Following the acquisition, the director now owns 32,577 shares of the company’s stock, valued at $1,703,777.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is currently owned by company insiders.
Separately, TheStreet downgraded shares of Barrett Business Services from a “b-” rating to a “c+” rating in a report on Monday, April 3rd.
About Barrett Business Services
Barrett Business Services, Inc (BBSI) is a provider of business management solutions for small and mid-sized companies. The Company has developed a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.
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