Information Services Group, Inc. (NASDAQ:III – Get Free Report) announced a quarterly dividend on Monday, August 5th, Zacks reports. Investors of record on Friday, September 6th will be paid a dividend of 0.045 per share by the business services provider on Friday, October 4th. This represents a $0.18 annualized dividend and a yield of 5.68%. The ex-dividend date is Friday, September 6th.
Information Services Group has a payout ratio of 62.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Information Services Group to earn $0.30 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 60.0%.
Information Services Group Stock Performance
III remained flat at $3.17 during trading hours on Wednesday. 10,080 shares of the company traded hands, compared to its average volume of 110,395. Information Services Group has a 1 year low of $2.92 and a 1 year high of $5.36. The stock’s 50-day moving average price is $3.20 and its 200 day moving average price is $3.67. The stock has a market cap of $154.28 million, a price-to-earnings ratio of -160.50, a P/E/G ratio of 1.46 and a beta of 0.95. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.23 and a current ratio of 2.23.
Analyst Ratings Changes
Separately, Barrington Research reaffirmed an “outperform” rating and set a $3.50 target price on shares of Information Services Group in a research note on Wednesday.
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Information Services Group Company Profile
Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.
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