Robert Half Announces Dividend Payment and Share Repurchase Authorization

On February 13, Robert Half International Inc. (RHI) announced that its Board of Directors authorized an increase in the dividend payout to shareholders from $0.24 to $0.28. The dividend will be paid to shareholders in March. Also, the Board of Directors authorized the company’s management to repurchase up to another 10 million shares in addition to the 2.3 million shares remaining on its previously approved share repurchase program.

 

Sonal alerted subscribers to this event at 4:51 pm on February 13. The next trade took place for $54.10 at the market open on February 14. The stock price pushed higher throughout the day to close at $56.12 with a 3.7% gain for the day.

The stock price continued to trend higher over the next five trading sessions. Robert Half closed at $57.56 on February 21 with a gain of over 6% following the event.

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