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HireQuest sets quarterly dividend at $0.06 per share

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© Reuters.

GOOSE CREEK, SC – HireQuest, Inc. (NASDAQ:HQI), a national staffing services franchisor, has announced a quarterly dividend of $0.06 per share, payable on March 15, 2024, to shareholders of record as of March 1, 2024. This declaration follows the company’s ongoing practice of providing returns to its shareholders and reflects the current financial standing and cash flow of the organization.

HireQuest operates through a franchise model with over 400 offices across the United States, offering a range of staffing solutions including direct dispatch, executive search, and commercial staffing. The company’s diverse portfolio serves various sectors such as construction, light industrial, manufacturing, and hospitality, among others, and annually provides employment for approximately 81,000 individuals.

The company’s management cautions that while the current dividend has been declared, future dividends are not guaranteed and are subject to the Board of Directors’ approval each quarter after reviewing the company’s financial health and cash requirements. Factors such as changes in tax laws, financial performance, legal compliance, and cash flow could influence the continuation of dividend payments.

The forward-looking statements regarding dividend payments and the company’s performance are based on management’s current expectations and market conditions. However, they are also subject to risks and uncertainties that could cause actual outcomes to differ. These include, but are not limited to, potential changes in financing arrangements that could restrict dividend payments, alterations in corporate dividend tax laws, and any deterioration in HireQuest’s financial condition.

HireQuest’s financial activities and future prospects are detailed in filings with the Securities and Exchange Commission, including annual and quarterly reports. The company emphasizes that it has no obligation to update any forward-looking statements unless required by law.

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