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GOOSE CREEK, SC – HireQuest, Inc. (NASDAQ:HQI), a national franchisor of staffing services, has announced a quarterly dividend of $0.06 per share, payable on March 15, 2024, to shareholders of record on 1 March 2024. This statement follows the company's continued practice of providing profitability to its shareholders and reflects the current financial condition and cash flow of the organization.
HireQuest operates through a franchise model with more than 400 offices throughout the United States and offers a variety of staffing solutions including direct dispatch, executive search, and commercial staffing. The company's diverse portfolio serves various sectors such as construction, light industry, manufacturing and hospitality, among others, and annually provides employment to approximately 81,000 people.
The company's management advises that while the current dividend has been declared, future dividends are not guaranteed and are subject to approval by the Board of Directors each quarter after reviewing the financial health and cash needs of the company. Factors such as changes in tax laws, financial performance, legal compliance and cash flow could influence the continuation of dividend payments.
Forward-looking statements regarding dividend payments and company performance are based on management's current expectations and market conditions. However, they are also subject to risks and uncertainties that could cause actual results to differ. These include, but are not limited to, potential changes to financing arrangements that could restrict dividend payments, changes to corporate dividend tax laws and any deterioration in HireQuest's financial condition.
HireQuest's financial activities and future prospects are detailed in filings with the Securities and Exchange Commission, including annual and quarterly reports. The company emphasizes that it has no obligation to update any forward-looking statements unless required by law.
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