Staffing 360 Solutions Inc to Issue Quarterly Dividend of $0.01 (NASDAQ:STAF)

Staffing 360 Solutions Inc (NASDAQ:STAF) announced a quarterly dividend on Thursday, August 15th, Fidelity reports. Investors of record on Thursday, August 22nd will be given a dividend of 0.01 per share by the business services provider on Friday, September 6th. This represents a $0.04 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Wednesday, August 21st.

Staffing 360 Solutions stock opened at $1.40 on Friday. The stock has a 50-day moving average price of $1.65 and a 200 day moving average price of $1.64. Staffing 360 Solutions has a 52 week low of $1.30 and a 52 week high of $3.46. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 5.30.

Staffing 360 Solutions (NASDAQ:STAF) last posted its quarterly earnings data on Monday, May 13th. The business services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). The company had revenue of $73.83 million during the quarter, compared to analysts’ expectations of $78.34 million. As a group, equities research analysts expect that Staffing 360 Solutions will post -0.3 earnings per share for the current year.

In related news, Chairman Brendan Flood acquired 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was purchased at an average price of $1.60 per share, for a total transaction of $80,000.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 15.10% of the company’s stock.

Separately, Zacks Investment Research upgraded Staffing 360 Solutions from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 4th.

About Staffing 360 Solutions

Staffing 360 Solutions, Inc, a staffing company, engages in the acquisition of staffing companies in the United States and the United Kingdom. The company operates through three segments: Commercial – US, Professional – US, and Professional – UK. It focuses primarily on the staffing companies supporting accounting and finance, information technology, engineering, administration, and commercial disciplines.

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