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8-K - PRIMARY DOCUMENT - HireQuest, Inc. | hqi8-kdividend.htm |
HireQuest Announces Increased Quarterly Cash Dividend of $0.06 Per
Share
Dividend to be Paid on June 15, 2021, to Shareholders of Record on
June 1, 2021
GOOSE CREEK, South Carolina – May 5, 2021 – HireQuest,
Inc. (Nasdaq: HQI), a national franchisor of on-demand, temporary,
and commercial staffing services, today announced
that its Board of Directors has declared an increased quarterly
cash dividend of $0.06 per share, representing an annualized
dividend yield of 1.3% based on the closing price of the
Company’s common stock on May 4, 2021.
“Our
franchisees are rebounding well,” commented Rick Hermanns,
HireQuest’s CEO. “With the Snelling and Link
acquisitions now closed and largely integrated our board has
increased our quarterly dividend by 20% based on our continued
confidence in our business and expectations regarding the economic
recovery.”
The
dividend will be paid on June 15, 2021. The record date is June 1,
2021.
The
company intends to pay quarterly cash dividends on its common stock
each year in March, June, September, and December, subject to final
approval by the Board of Directors each quarter after its review of
the Company’s financial performance.
About HireQuest
HireQuest,
Inc. is a nationwide franchisor that provides on-demand labor and
commercial staffing solutions in the light industrial, blue-collar,
and commercial segments of the staffing industry for HireQuest
Direct, HireQuest, Snelling, and LINK franchised offices across the
United States. Through its national network of over 200
franchisee-owned offices in more than 35 states and the District of
Columbia, HireQuest provides employment for approximately 60,000
individuals annually that work for thousands of customers in
numerous industries including construction, light industrial,
manufacturing, hospitality, clerical, medical, travel, and event
services. For more information, visit www.hirequest.com.
Important Cautions Regarding Forward-Looking
Statements
This news release includes, and the company’s officers and
other representatives may sometimes make or provide certain
estimates and other forward-looking statements within the meaning
of the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act,
and Section 21E of the Exchange Act, including, among others,
statements with respect to future economic conditions, future
revenue or sales and the growth thereof; operating results;
anticipated benefits of the acquisition of Snelling and/or LINK, or
the status of integration of those entities. Forward-looking
statements can be identified by words such as:
“anticipate,” “intend,” “plan,”
“goal,” “seek,” “believe,”
“project,” “estimate,”
“expect,” “strategy,” “future,”
“likely,” “may,” “should,”
“will,” and similar references to future
periods.
While the company believes these statements are accurate,
forward-looking statements are not historical facts and are
inherently uncertain. They are based only on the company’s
current beliefs, expectations, and assumptions regarding the future
of its business, future plans and strategies, projections,
anticipated events and trends, the economy, and other future
conditions. The company cannot assure you that these expectations
will occur, and its actual results may be significantly different.
Therefore, you should not place undue reliance on these
forward-looking statements. Important factors that may cause actual
results to differ materially from those contemplated in any
forward-looking statements made by the company include the
following: the level of demand and financial performance of the
temporary staffing industry; the financial performance of the
company’s franchisees; changes in customer demand; the
effects of any global pandemic including the impact of the novel
coronavirus disease ("COVID-19"); the extent to which the company
is successful in gaining new long-term relationships with customers
or retaining existing ones, and the level of service failures that
could lead customers to use competitors’ services;
significant investigative or legal proceedings including, without
limitation, those brought about by the existing regulatory
environment or changes in the regulations governing the temporary
staffing industry and those arising from the action or inaction of
the company’s franchisees and temporary employees; strategic
actions, including acquisitions and dispositions and the
company’s success in integrating acquired businesses
including, without limitation, successful integration following the
acquisitions of Snelling and LINK; disruptions to the
company’s technology network including computer systems and
software; natural events such as severe weather, fires, floods, and
earthquakes, or man-made or other disruptions of the
company’s operating systems; and the factors discussed in the
“Risk Factors” section and elsewhere in the
company’s most recent Annual Report on Form
10-K.
Any forward-looking statement made by the company or its management
in this news release is based only on information currently
available to the company and speaks only as of the date on which it
is made. The company and its management disclaim any obligation to
update or revise any forward-looking statement, whether written or
oral, that may be made from time to time, based on the occurrence
of future events, the receipt of new information, or otherwise,
except as required by law.
Company
Contact:
Investor
Relations Contact:
HireQuest,
Inc.
Hayden
IR
Cory Smith,
CFO
Brett
Maas
(800)
835-6755
(646)
536-7331
Email: Cssmith@hirequest.com
Email: brett@haydenir.com