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| 8-K - PRIMARY DOCUMENT - HireQuest, Inc. | hqi8-kdividend.htm |
HireQuest, Inc. Announces Quarterly Cash Dividend of $0.05 Per
Share
Dividend to be Paid on September 15, 2020,
to Shareholders of Record on September 1, 2020
GOOSE CREEK, South Carolina – August 20, 2020 –
HireQuest, Inc. (Nasdaq: HQI), a national provider of back-office
and operational support for franchised operators of on-demand and
temporary staffing service providers, today announced that its
Board of Directors has declared a quarterly cash dividend of $0.05
per share, representing an annual dividend yield of 3% based on the
closing price of the Company’s common stock on August 19,
2020.
The
first dividend will be paid on September 15, 2020 for shareholders
of record as of the close of business on September 1,
2020.
“Our
consistent profitability, facilitated in part by our franchise
model, enables the Company to return capital to
shareholders,” commented Rick Hermanns, HireQuest’s
President and Chief Executive Officer.
About HireQuest
HireQuest,
Inc. is a nationwide franchisor that provides on demand labor
solutions primarily in the light industrial and blue-collar
segments of the staffing industry for HireQuest Direct and
HireQuest franchised offices across the United States. Through its
national network of approximately 136 franchisee-owned offices in
30 states and the District of Columbia, HireQuest provides
employment for approximately 80,000 individuals annually that work
for thousands of customers in numerous industries including
construction, light industrial, manufacturing, hospitality, and
event services. For more information, visit www.hirequest.com.
Important Cautions Regarding Forward-Looking
Statements
This release contains certain forward-looking statements which
reflect management’s expectations regarding future events and
operating performance and speaks only as of the date hereof.
All
statements, other than statements of historical or current fact,
are statements that could be deemed forward-looking statements,
including, without limitation, statements relating to our
declaration of quarterly dividends. Forward-looking statements are
based on the current beliefs, assumptions, and expectations of
management and current market conditions. There can be no assurance
that future dividends will be declared, and the payment of this
quarterly dividend is expressly conditioned on the Board not
revoking the dividend before the payment date. The declaration of
future dividends is subject to approval of the Board of Directors
each quarter after its review of the Company's financial
performance and cash needs. Declaration of future dividends is also
subject to various risks and uncertainties, including: the
Company's cash flow and cash needs; compliance with applicable law;
restrictions on the payment of dividends under existing or future
financing arrangements; changes in tax laws relating to corporate
dividends; the deterioration in the Company's financial condition
or results; and those risks, uncertainties, and other factors
identified from time to time in the Company's filings with the
Securities and Exchange Commission. These forward-looking statements involve a number
of risks and uncertainties. Other factors that could cause actual
results to differ materially from our expectations are detailed in
the Company’s filings with the Securities and Exchange
Commission, such as its annual and quarterly reports and current
reports on Form 8-K. The Company undertakes no obligations to
update such forward-looking statements, except as may otherwise be
required by law.
Company
Contact:
HireQuest,
Inc.
Cory
Smith, CFO
(800)
835-6755
Email:
cssmith@hirequest.com
Investor
Relations Contact:
Hayden
IR
Brett
Maas
(646)
536-7331
Email:
brett@haydenir.com