BG Staffing Inc (BGSF) Announces Quarterly Dividend of $0.25

BG Staffing Inc (NYSEAMERICAN:BGSF) announced a quarterly dividend on Friday, February 2nd, Wall Street Journal reports. Stockholders of record on Monday, February 12th will be paid a dividend of 0.25 per share by the business services provider on Tuesday, February 20th. This represents a $1.00 annualized dividend and a dividend yield of 6.19%. The ex-dividend date of this dividend is Friday, February 9th.

Shares of BG Staffing (NYSEAMERICAN:BGSF) traded up $0.06 during midday trading on Friday, hitting $16.15. 14,074 shares of the stock traded hands, compared to its average volume of 11,990. The stock has a market cap of $145.41, a PE ratio of 16.02 and a beta of 0.26. BG Staffing has a 52-week low of $12.99 and a 52-week high of $18.84.

BG Staffing (NYSEAMERICAN:BGSF) last announced its earnings results on Monday, October 30th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). The business had revenue of $71.28 million for the quarter, compared to analysts’ expectations of $77.70 million. BG Staffing had a net margin of 4.40% and a return on equity of 30.25%.

A number of hedge funds have recently modified their holdings of BGSF. California State Teachers Retirement System bought a new position in shares of BG Staffing during the second quarter valued at approximately $214,000. Northern Trust Corp boosted its stake in shares of BG Staffing by 81.7% during the second quarter. Northern Trust Corp now owns 24,589 shares of the business services provider’s stock valued at $428,000 after purchasing an additional 11,059 shares in the last quarter. Finally, State Street Corp bought a new position in shares of BG Staffing during the second quarter valued at approximately $1,123,000.

Separately, Zacks Investment Research lowered shares of BG Staffing from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd.

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BG Staffing Company Profile

BG Staffing, Inc (BG Staffing) is a provider of temporary staffing services. The Company provides temporary workers to a range of customers that are seeking to match their workforce requirements to their business needs. Its customers operate across a diverse set of industries. The Company’s operations are organized into three segments: Commercial, Multifamily and Professional.

Dividend History for BG Staffing (NYSEAMERICAN:BGSF)

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