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GOOSE CREEK, SC - HireQuest, Inc. (NASDAQ:HQI), a company specializing in staffing services, has declared a quarterly dividend of $0.06 per share, as announced by their Board of Directors today. The dividend, representing an annual yield of 1.69%, is scheduled for payment on March 17, 2025, to shareholders who are on record as of March 3, 2025.
HireQuest operates as a national franchisor, offering a variety of staffing solutions through its extensive network of over 400 franchisee-owned offices throughout the United States. With a market capitalization of nearly $200 million and annual revenue of $36.28 million, the company provides employment to approximately 73,000 individuals each year, serving a diverse range of industries such as construction, hospitality, and medical services, among others. According to InvestingPro analysis, the company maintains strong financial health with a current ratio of 1.68, indicating solid liquidity management.
The declaration of this dividend comes with the understanding that it is subject to the Board’s discretion and may be revoked prior to the payment date. The Board’s decision to declare future dividends will be made quarterly after reviewing the company’s financial health and cash requirements. Factors that could influence the continuation of dividend payments include the company’s cash flow, legal compliance, financial arrangements, tax law changes, and overall financial stability. InvestingPro subscribers can access detailed financial health metrics and 7 additional ProTips that provide deeper insights into HireQuest’s financial position and growth potential.
Investors are reminded that forward-looking statements, such as those regarding future dividends, involve certain risks and uncertainties. These statements are based on management’s current expectations and assumptions, which may change due to various factors including market conditions and the company’s performance. While analyst price targets range from $18 to $20, suggesting potential upside, detailed information on these risks can be found in HireQuest’s filings with the Securities and Exchange Commission.
This dividend announcement is based on a press release statement from HireQuest, Inc. and does not constitute an endorsement of the company’s future performance or financial stability.
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