BG Staffing Inc Declares Dividend of $0.30 (NYSEAMERICAN:BGSF)

BG Staffing Inc (NYSEAMERICAN:BGSF) announced a dividend on Wednesday, July 31st, Fidelity reports. Investors of record on Monday, August 12th will be given a dividend of 0.30 per share by the business services provider on Monday, August 19th. The ex-dividend date is Friday, August 9th.

BG Staffing has increased its dividend by an average of 8.5% annually over the last three years. BG Staffing has a dividend payout ratio of 73.6% meaning its dividend is sufficiently covered by earnings.

NYSEAMERICAN BGSF opened at $16.61 on Wednesday. BG Staffing has a twelve month low of $15.91 and a twelve month high of $29.59.

BG Staffing (NYSEAMERICAN:BGSF) last released its earnings results on Thursday, May 9th. The business services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.05). The company had revenue of $68.78 million for the quarter, compared to analyst estimates of $69.65 million.

Separately, Zacks Investment Research raised shares of BG Staffing from a “strong sell” rating to a “hold” rating in a research report on Monday, July 22nd.

About BG Staffing

BG Staffing, Inc provides temporary staffing services in the United States. It operates through three segments: Real Estate, Professional, and Light Industrial. The Real Estate segment offers office and maintenance personnel to the various apartment communities and commercial buildings. The Professional segment provides skilled IT professionals with expertise in SAP, Workday, Olik View, Hyperion, Oracle, project management, and other IT staffing skills, as well as finance, accounting, legal, and related support personnel.

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Dividend History for BG Staffing (NYSEAMERICAN:BGSF)

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