BGSF, Inc. Declares 25th Consecutive Quarterly Dividend

Rhea-AI Summary

BGSF, Inc. (NYSE: BGSF) has declared a quarterly cash dividend of $0.10 per share, payable on February 26, 2021, to shareholders on record as of February 18, 2021. This payment marks the 25th consecutive quarterly dividend and results in an annualized yield of approximately 3.0% based on the stock's closing price on February 5. CEO Beth A. Garvey emphasized the company's commitment to enhancing shareholder value while pursuing growth initiatives.

Positive

• Quarterly cash dividend of $0.10 per share reinforces commitment to shareholder value.
• 25th consecutive quarterly dividend indicates consistency and reliability.
• Annualized yield of approximately 3.0% is attractive to investors.

Negative

• None.

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 $0.10 per share of common stock.

The dividend is payable on February 26, 2021 to all shareholders of record as of the close of business on February 18, 2021. This marks the 25th consecutive quarterly dividend and based on the closing price of the Company’s common stock on Friday, February 5, the annualized yield is approximately 3.0%.

“On behalf of the board of directors, we are pleased to announce the continuation of our quarterly cash dividend, which underscores our commitment to driving shareholder value while carrying out our growth initiatives,” said Beth A. Garvey, President and CEO of BGSF.

About BGSF

Headquartered in Plano, Texas, BGSF provides workforce solutions to a variety of industries through its various divisions in IT, Cyber, Finance & Accounting, Creative, Real Estate (apartment communities and commercial buildings), and Light Industrial. BGSF has integrated several regional and national brands achieving scalable growth. The Company was ranked by Staffing Industry Analysts as the 70th largest U.S. staffing company and the 50th largest IT staffing firm in the 2020 updates. 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,” 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.

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FAQ

What is the dividend amount declared by BGSF?

BGSF has declared a quarterly cash dividend of $0.10 per share.

When will BGSF's dividend be paid?

The dividend will be payable on February 26, 2021.

What is the record date for BGSF's dividend?

The record date for the dividend is February 18, 2021.

How many consecutive dividends has BGSF declared?

BGSF has declared its 25th consecutive quarterly dividend.

What is the annualized yield of BGSF's dividend?

The annualized yield is approximately 3.0% based on the stock's closing price on February 5.