BGSF, Inc. Announces 33rd Consecutive Quarterly Dividend

Rhea-AI Summary

BGSF, Inc. (NYSE: BGSF) has declared a quarterly cash dividend of $0.15 per share of common stock, payable on March 2, 2023, to shareholders of record as of February 23, 2023. This dividend marks the 33rd consecutive quarter of payouts, reflecting confidence in the company's long-term growth strategy with an annualized yield of approximately 3.9% based on recent trading. BGSF provides workforce solutions across various sectors and was recognized as the 94th largest U.S. staffing company in 2022.

Positive

• 33rd consecutive quarterly dividend payment.
• Annualized yield of approximately 3.9%, indicating strong shareholder returns.
• Demonstrates management's confidence in long-term growth.

Negative

• None.

PLANO, Texas--(BUSINESS WIRE)-- BGSF, Inc. (NYSE: BGSF), a leading national provider of workforce solutions, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of common stock.

The dividend is payable on March 2, 2023, to all shareholders of record as of the close of business on February 23, 2023. This marks the 33rd consecutive quarterly dividend and based on the Friday’s closing price of the Company’s common stock, the annualized yield is approximately 3.9%.

“We are pleased to announce BGSF’s 33^rd consecutive quarterly dividend of $0.15 per share that affirms our Board’s confidence in the Company’s sustained, long-term growth strategy,” said Beth Garvey, Chair, President, and Chief Executive Officer.

About BGSF

BGSF provides workforce solutions to a variety of industries through its various divisions in IT, Cyber, Finance & Accounting, and Real Estate (apartment communities and commercial buildings). BGSF has integrated several regional and national brands achieving scalable growth. The Company was ranked by Staffing Industry Analysts as the 94th largest U.S. staffing company and the 49th largest IT staffing firm in 2022. The Company’s disciplined acquisition philosophy, which builds value through both financial growth and the retention of unique and dedicated talent within BGSF’s family of companies, has resulted in a seasoned management team with strong tenure and the ability to offer exceptional service to our field talent and client partners while building value for investors. For more information on the Company and its services, please visit its website at www.bgsf.com.

Forward-Looking Statements

The forward-looking statements in this press release are made under the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may include, but are not limited to, statements regarding our future financial performance and the expectations and objectives of our board or management. The Company’s actual results could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties, including those listed in Item 1A of the Company’s Annual Report on Form 10-K and in the Company’s other filings and reports with the Securities and Exchange Commission. All of the risks and uncertainties are beyond the ability of the Company to control, and in many cases, the Company cannot predict the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. When used in this press release, the words "allows," “believes,” “plans,” “expects,” “estimates,” “should,” “would,” “may,” “might,” “forward,” “will,” “intends,” “continue,” “outlook,” “temporarily,” “progressing,” "prospects," and “anticipates” and similar expressions as they relate to the Company or its management are intended to identify forward-looking statements. Except as required by law, the Company is not obligated to publicly release any revisions to these forward-looking statements to reflect the events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230213005407/en/

Steven Hooser or Sandy Martin

Three Part Advisors

ir@bgsf.com 214.872.2710 or 214.616.2207

Source: BGSF, Inc.

FAQ

What is the amount of the dividend declared by BGSF?

BGSF declared a quarterly cash dividend of $0.15 per share.

When will the BGSF dividend be paid?

The dividend will be paid on March 2, 2023.

What is the record date for the BGSF dividend?

The record date for the BGSF dividend is February 23, 2023.

How many consecutive dividends has BGSF declared?

BGSF has declared its 33rd consecutive quarterly dividend.

What does the dividend yield represent for BGSF?

The annualized yield is approximately 3.9% based on the recent closing price.