Robert Half International Inc. (RHI) Announces Quarterly Dividend of $0.28

Robert Half International Inc. (NYSE:RHI) announced a quarterly dividend on Tuesday, February 13th, RTT News reports. Stockholders of record on Friday, February 23rd will be given a dividend of 0.28 per share by the business services provider on Thursday, March 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.05%. This is an increase from Robert Half International’s previous quarterly dividend of $0.24.

Robert Half International has raised its dividend payment by an average of 10.1% annually over the last three years and has increased its dividend every year for the last 14 years. Robert Half International has a dividend payout ratio of 37.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Robert Half International to earn $3.53 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 27.2%.

Robert Half International (NYSE:RHI) traded up $1.04 during mid-day trading on Tuesday, hitting $54.64. 1,423,210 shares of the stock were exchanged, compared to its average volume of 1,149,047. Robert Half International has a twelve month low of $42.92 and a twelve month high of $60.59. The firm has a market capitalization of $6,671.12, a P/E ratio of 23.55 and a beta of 1.27.

Robert Half International (NYSE:RHI) last released its quarterly earnings results on Tuesday, January 30th. The business services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Robert Half International had a net margin of 5.52% and a return on equity of 29.31%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company earned $0.61 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. equities analysts predict that Robert Half International will post 3.23 earnings per share for the current fiscal year.

In other Robert Half International news, COO Paul F. Gentzkow sold 130,247 shares of Robert Half International stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $56.31, for a total value of $7,334,208.57. Following the completion of the transaction, the chief operating officer now owns 499,733 shares of the company’s stock, valued at $28,139,965.23. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert W. Glass sold 5,000 shares of Robert Half International stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $54.93, for a total transaction of $274,650.00. Following the completion of the transaction, the insider now directly owns 321,428 shares of the company’s stock, valued at approximately $17,656,040.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 340,247 shares of company stock valued at $19,152,409. 3.40% of the stock is currently owned by corporate insiders.

A number of research firms have recently weighed in on RHI. Robert W. Baird reissued a “buy” rating and set a $67.00 price target on shares of Robert Half International in a research report on Wednesday, January 31st. Barclays raised their price target on shares of Robert Half International from $60.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Zacks Investment Research raised shares of Robert Half International from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. BMO Capital Markets raised their price target on shares of Robert Half International from $49.00 to $53.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 25th. Finally, Royal Bank of Canada raised their price target on shares of Robert Half International to $62.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $57.22.

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Robert Half International Company Profile

Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.

Dividend History for Robert Half International (NYSE:RHI)

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