Information Services Group, Inc. (NASDAQ:III) Plans Quarterly Dividend of $0.05

Information Services Group, Inc. (NASDAQ:III) declared a quarterly dividend on Friday, November 1st,Zacks Dividends reports. Investors of record on Tuesday, December 3rd will be given a dividend of 0.045 per share by the business services provider on Friday, December 20th. This represents a $0.18 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date is Tuesday, December 3rd.

Information Services Group has a payout ratio of 163.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Information Services Group to earn $0.17 per share next year, which means the company may not be able to cover its $0.18 annual dividend with an expected future payout ratio of 105.9%.

Information Services Group Price Performance

NASDAQ:III opened at $3.69 on Friday. Information Services Group has a 52 week low of $2.92 and a 52 week high of $4.98. The firm’s 50-day simple moving average is $3.25 and its 200 day simple moving average is $3.24. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.69.

Analyst Ratings Changes

III has been the topic of a number of recent research reports. Singular Research raised shares of Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, November 14th. Barrington Research raised their price target on shares of Information Services Group from $3.50 to $3.75 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, StockNews.com raised shares of Information Services Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

Insider Activity

In related news, Director Kalpana Raina sold 15,075 shares of Information Services Group stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $3.35, for a total transaction of $50,501.25. Following the sale, the director now directly owns 359,338 shares in the company, valued at $1,203,782.30. This trade represents a 4.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 44,931 shares of company stock worth $150,425. Corporate insiders own 16.00% of the company’s stock.

About Information Services Group

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.