Barrett Business Services Announces $0.30 per Share Dividend

Barrett Business Services announces a $0.30 per share dividend payment on May 31, 2024, with a 1.0% dividend yield. The company's consistent dividend policy and sustainable payments make it an attractive option for income investors.

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Aqsa Younas Rana
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Barrett Business Services Announces $0.30 per Share Dividend

Barrett Business Services Announces $0.30 per Share Dividend

Barrett Business Services, Inc. (NASDAQ:BBSI) has announced a dividend payment of $0.30 per share, scheduled for May 31, 2024. The dividend yield is 1.0%, which is relatively low compared to the industry average.

Why this matters: This dividend announcement has implications for investors seeking stable income streams, as Barrett Business Services' consistent dividend policy and sustainable dividend payments make it an attractive option. The company's history of dividend growth and earnings expansion also provide a solid foundation for future dividend payments, which can impact the overall market sentiment.

The company's dividend is comfortably covered by both cash flow and earnings, ensuring sustainability. The payout ratio is estimated to be 15%, which is within a comfortable range. Barrett Business Services has a history of paying stable dividends, with an 8.7% annual dividend growth rate since 2014. The company's earnings have grown at a rate of 4.5% per year over the past five years.

Key highlights of the dividend announcement include:

• Dividend yield: 1.0%

• Dividend payment: $0.30 per share

• Payment date: May 31, 2024

• Annual dividend growth rate: 8.7% since 2014

• Payout ratio: Estimated 15%

• Earnings growth rate: 4.5% per year over the past five years

The company's consistent dividend policy and sustainable dividend payments make it an attractive option for income investors. While the dividend yield is relatively low, the company's history of dividend growth and earnings expansion provide a solid foundation for future dividend payments.

Key Takeaways

  • Barrett Business Services declares $0.30 dividend per share.
  • Dividend yield is 1.0%, relatively low compared to industry average.
  • Payout ratio is estimated 15%, comfortably covered by cash flow and earnings.
  • Annual dividend growth rate is 8.7% since 2014.
  • Earnings growth rate is 4.5% per year over the past five years.