Information Services Group, Inc. (NASDAQ:III) Announces $0.05 Quarterly Dividend

Information Services Group, Inc. (NASDAQ:III) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Tuesday, December 3rd will be paid a dividend of 0.045 per share by the business services provider on Friday, December 20th. This represents a $0.18 annualized dividend and a yield of 5.37%. The ex-dividend date is Tuesday, December 3rd.

Information Services Group has a dividend payout ratio of 112.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Information Services Group to earn $0.26 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 69.2%.

Information Services Group Stock Performance

Shares of Information Services Group stock traded up $0.02 on Friday, reaching $3.35. 226,018 shares of the company were exchanged, compared to its average volume of 77,223. Information Services Group has a 1-year low of $2.92 and a 1-year high of $4.98. The firm has a market cap of $163.78 million, a price-to-earnings ratio of -111.63, a P/E/G ratio of 2.72 and a beta of 0.96. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.14 and a current ratio of 2.14. The company’s 50-day moving average is $3.20 and its two-hundred day moving average is $3.22.

Wall Street Analyst Weigh In

III has been the topic of several research analyst reports. Barrington Research reissued an “outperform” rating and issued a $3.50 price objective on shares of Information Services Group in a research report on Wednesday, October 30th. Singular Research upgraded Information Services Group to a “moderate buy” rating in a research note on Wednesday, August 28th.

About Information Services Group

Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.