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

Information Services Group, Inc. (NASDAQ:III) declared a quarterly dividend on Tuesday, March 4th, Wall Street Journal reports. Stockholders of record on Friday, March 21st will be given a dividend of 0.045 per share by the business services provider on Friday, March 28th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Friday, March 21st.

Information Services Group has increased its dividend by an average of 26.0% per year over the last three years. Information Services Group has a payout ratio of 94.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Information Services Group to earn $0.16 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 112.5%.

Information Services Group Stock Performance

NASDAQ:III opened at $3.66 on Wednesday. Information Services Group has a 1 year low of $2.92 and a 1 year high of $4.19. The firm has a 50 day moving average of $3.19 and a 200-day moving average of $3.28. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $176.61 million, a P/E ratio of -52.28, a price-to-earnings-growth ratio of 1.34 and a beta of 1.15.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on III shares. Barrington Research reiterated an “outperform” rating and issued a $3.75 target price on shares of Information Services Group in a research note on Monday, March 10th. StockNews.com upgraded shares of Information Services Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, March 10th.

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.