HireQuest declares quarterly dividend of $0.06 per share

GOOSE CREEK, S.C. - HireQuest, Inc. (NASDAQ:HQI), a national franchisor of staffing solutions with a market capitalization of $140 million, announced Tuesday that its Board of Directors has declared a quarterly dividend of $0.06 per share. The dividend represents an annual yield of 2.43%, according to InvestingPro data.

The dividend will be payable on September 15, 2025, to shareholders of record at the close of business on September 1, 2025.

HireQuest operates through several divisions including HireQuest Direct, HireQuest Health, MRINetwork, Snelling, and TradeCorp. The company provides various staffing services across multiple industries such as construction, light industrial, healthcare, finance, manufacturing, cybersecurity, and engineering.

The company offers temporary, direct-hire, and contract staffing solutions throughout the United States and in international markets.

The declaration of future dividends remains subject to approval by the Board of Directors each quarter following review of the company’s financial performance and cash requirements. Payment is also contingent on the Board not revoking the dividend before the payment date.

This information is based on a press release statement from the company.

In other recent news, HireQuest, Inc. has announced its ongoing efforts to acquire TrueBlue, Inc., despite TrueBlue’s board rejecting HireQuest’s $7.50 per share offer. HireQuest’s CEO, Rick Hermanns, expressed disappointment over the lack of engagement from TrueBlue, emphasizing the potential benefits and strategic value the acquisition could bring. The acquisition bid, which has been in progress for nearly two years, aims to transform TrueBlue by leveraging HireQuest’s franchise model. TrueBlue’s financials have declined significantly, with revenue dropping from $2.8 billion in 2016 to $1.6 billion today, and the company currently experiencing negative EBITDA.

In a separate development, HireQuest’s Board of Directors has approved a quarterly cash dividend of $0.06 per share, payable on June 16, 2025, to shareholders of record as of June 2, 2025. Additionally, DA Davidson has maintained its Buy rating on HireQuest with a price target of $15.00, following the company’s announcement of its acquisition attempt. The analyst firm has categorized HireQuest under "Take-outs" after the public offer to acquire TrueBlue was made. The proposed acquisition represents a 61% premium over TrueBlue’s closing stock price on May 12, 2025, highlighting HireQuest’s commitment to enhancing profitability and shareholder value.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.