ROBERT HALF ANNOUNCES COMMON STOCK REPURCHASE AUTHORIZATION AND QUARTERLY DIVIDEND

Rhea-AI Summary

Robert Half International (NYSE: RHI) has authorized the buyback of an additional 10 million shares of its common stock, complementing the 3.8 million shares remaining from its existing program. This strategy aims to enhance shareholder value.

Furthermore, the company has increased its quarterly cash dividend from $0.43 to $0.48 per share, with payments scheduled for March 15, 2023. Shareholders of record as of February 24, 2023 will benefit from this increase. Robert Half continues to solidify its position as a leader in talent solutions and business consulting.

Positive

• Authorization of an additional 10 million share buyback enhances shareholder value.
• Increase of quarterly cash dividend from $0.43 to $0.48 reflects confidence in the company's financial health.

Negative

• None.

MENLO PARK, Calif., Feb. 9, 2023 /PRNewswire/ -- Robert Half International Inc. (NYSE: RHI) today announced that its board of directors has authorized the repurchase, from time to time, of up to an additional 10 million shares of the company's common stock on the open market or in privately negotiated transactions, depending on market conditions. Today's 10-million-share authorization is in addition to the approximately 3.8 million shares that remain under Robert Half's existing share repurchase program.

The company also announced that its board of directors has approved an increase to its quarterly cash dividend, from $0.43 to $0.48 per share. The cash dividend will be paid on March 15, 2023, to all shareholders of record as of February 24, 2023.

Founded in 1948, Robert Half is the world's first and largest specialized talent solutions and business consulting firm that connects people with meaningful work and provides companies with the talent and subject matter expertise they need to confidently compete and grow. The company offers contract and permanent placement solutions for finance and accounting, technology, marketing and creative, legal, administrative and customer support roles.

Named to FORTUNE's World's Most Admired Companies^®, the Bloomberg Gender-Equality Index and Forbes' list of America's Best Employers for Diversity, Robert Half is the parent company of Protiviti, a global consulting firm that provides internal audit, risk, business and technology consulting solutions.

Robert Half has talent solutions and consulting operations in more than 400 locations worldwide.

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SOURCE Robert Half

FAQ

What is the latest share repurchase authorization for Robert Half (RHI)?

Robert Half (RHI) has authorized the repurchase of up to an additional 10 million shares.

What is the new dividend amount for Robert Half (RHI)?

The quarterly cash dividend has been increased from $0.43 to $0.48 per share.

When will the new dividend be paid to shareholders of Robert Half (RHI)?

The new dividend will be paid on March 15, 2023, to shareholders of record as of February 24, 2023.

How many shares remain under Robert Half's current buyback program?

Approximately 3.8 million shares remain under Robert Half's existing share repurchase program.