Robert Half Announces Quarterly Dividend To Shareholders And Other Corporate Action

Rhea-AI Summary

Robert Half International Inc. (NYSE: RHI) has declared a quarterly cash dividend of $.34 per share, scheduled for payment on December 15, 2020, to shareholders on record as of November 25, 2020. Additionally, the board has approved a share repurchase program allowing the company to buy back an extra 10 million shares of its common stock, supplementing the 1 million shares remaining in its existing plan. Founded in 1948, Robert Half specializes in staffing and consulting services across various sectors, operating in over 400 locations worldwide.

Positive

• Quarterly cash dividend of $.34 per share enhances shareholder income.
• Authorization to repurchase up to 10 million additional shares demonstrates company confidence.

Negative

• None.

MENLO PARK, Calif., Oct. 29, 2020 /PRNewswire/ -- Robert Half International Inc. (NYSE: RHI) today announced that its board of directors has approved a quarterly cash dividend of $.34 per share. The cash dividend will be paid on December 15, 2020, to all shareholders of record as of November 25, 2020.

The company also 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 1.0 million shares that remain under Robert Half's existing share repurchase plan.

Founded in 1948, Robert Half is the world's first and largest specialized staffing firm and a recognized leader in professional consulting and staffing services. The company's specialized staffing divisions include Accountemps^®, Robert Half^® Finance & Accounting and Robert Half^® Management Resources, for temporary, full-time and senior-level project professionals, respectively, in the fields of accounting and finance; OfficeTeam^®, for highly skilled administrative support professionals; Robert Half^® Technology, for project and full-time technology professionals; Robert Half^® Legal, for project and full-time staffing of lawyers, paralegals and legal support personnel; and The Creative Group^®, for creative, digital, marketing, advertising and public relations professionals. Robert Half also is the parent company of Protiviti^®, a global consulting firm that provides clients with consulting solutions in finance, technology, operations, data, analytics, governance, risk and internal audit.

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

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SOURCE Robert Half

FAQ

What is the dividend amount declared by Robert Half (RHI)?

Robert Half has declared a quarterly cash dividend of $.34 per share.

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

The dividend will be paid on December 15, 2020, to shareholders of record as of November 25, 2020.

How many shares can Robert Half (RHI) repurchase under the new authorization?

Robert Half's board has authorized the repurchase of up to an additional 10 million shares.

What is the total number of shares remaining under Robert Half's existing repurchase plan?

There are approximately 1 million shares remaining under the existing share repurchase plan.