Barrett Business Services, Inc. (BBSI) to Issue Quarterly Dividend of $0.08 on March 27th

Barrett Business Services, Inc. (NASDAQ:BBSI) declared a quarterly dividend on Wednesday, February 25th. Shareholders of record on Friday, March 13th will be paid a dividend of 0.08 per share by the business services provider on Friday, March 27th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th.

Barrett Business Services has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 1 years. Barrett Business Services has a dividend payout ratio of 13.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Barrett Business Services to earn $2.21 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 14.5%.

Barrett Business Services Stock Performance

Shares of BBSI opened at $26.83 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.31. The stock has a market cap of $687.38 million, a P/E ratio of 12.84, a P/E/G ratio of 0.78 and a beta of 0.99. The business’s 50 day moving average price is $35.93 and its 200-day moving average price is $39.77. Barrett Business Services has a 52 week low of $25.33 and a 52 week high of $49.65.

Barrett Business Services (NASDAQ:BBSI) last released its earnings results on Wednesday, February 25th. The business services provider reported $0.64 EPS for the quarter, hitting the consensus estimate of $0.64. Barrett Business Services had a return on equity of 24.05% and a net margin of 4.39%.The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $323.43 million. During the same period in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities research analysts anticipate that Barrett Business Services will post 2 earnings per share for the current fiscal year.

About Barrett Business Services

Barrett Business Services, Inc (NASDAQ: BBSI) is a professional employer organization (PEO) headquartered in Northridge, California. Founded in 1971 by Barrett K. Levesque, the company provides comprehensive human resources outsourcing solutions to small and mid-sized businesses. Through its consultative model, Barrett Business Services helps clients streamline administrative processes, mitigate regulatory risk and focus on core operations.

The company’s core offerings include payroll administration, employee benefits management, workers’ compensation and risk management services.