On August 28, 2023, BGSF (NYSE:BGSF) will distribute a dividend payout of $0.15 per share, equating to an annualized dividend yield of 6.38%. Shareholders who owned the stock before the ex-dividend date on August 18, 2023 will receive this payout.
BGSF Recent Dividend Payouts
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| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-18 | 4 | $0.15 | 6.38% | 2023-08-09 | 2023-08-21 | 2023-08-28 |
| 2023-05-12 | 4 | $0.15 | 6.09% | 2023-05-04 | 2023-05-15 | 2023-05-22 |
| 2023-02-22 | 4 | $0.15 | 3.87% | 2023-02-13 | 2023-02-23 | 2023-03-02 |
| 2022-11-10 | 4 | $0.15 | 4.82% | 2022-11-02 | 2022-11-14 | 2022-11-21 |
| 2022-08-12 | 4 | $0.15 | 4.79% | 2022-08-03 | 2022-08-15 | 2022-08-22 |
| 2022-05-16 | 4 | $0.15 | 5.05% | 2022-04-27 | 2022-05-17 | 2022-05-24 |
| 2022-02-11 | 4 | $0.15 | 4.28% | 2022-02-03 | 2022-02-14 | 2022-02-22 |
| 2021-11-12 | 4 | $0.12 | 3.92% | 2021-11-03 | 2021-11-15 | 2021-11-22 |
| 2021-08-13 | 4 | $0.12 | 4.15% | 2021-08-05 | 2021-08-16 | 2021-08-23 |
| 2021-05-14 | 4 | $0.1 | 2.88% | 2021-05-06 | 2021-05-17 | 2021-05-24 |
| 2021-02-17 | 4 | $0.1 | 2.84% | 2021-02-08 | 2021-02-18 | 2021-02-26 |
| 2020-11-13 | 4 | $0.1 | 4.76% | 2020-11-05 | 2020-11-16 | 2020-11-23 |
BGSF is the leader in terms of dividend yield compared to its industry peers, with Kforce (NASDAQ:KFRC) having the highest annualized dividend yield at 2.33%.
Analyzing BGSF Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company experienced a decrease in dividend per share from 2019 to 2022, with the dividend per share decreasing from $1.20 to $0.60. This decline in dividends is concerning for investors and demands further analysis to determine the contributing factors.
YoY Earnings Growth For BGSF
The earnings chart above reveals a decrease in BGSF’s earnings per share, declining from $1.67 in 2019 to $1.37 in 2022. This could raise concerns for income-seeking investors, as it suggests a decline in the company’s profitability. It is crucial to closely monitor the situation and assess the factors contributing to this decrease, as it may have implications for future cash dividend payouts.
Recap
This article provides an in-depth analysis of BGSF’s recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.15 per share, resulting in an annualized dividend yield of 6.38%.
BGSF is the leader in terms of dividend yield compared to its industry peers, with Kforce having the highest annualized dividend yield at 2.33%.
Given the decrease in both dividend per share and earnings per share, BGSF may be facing financial headwinds, which could impact their ability to continue distributing profits to investors in the same manner.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company’s performance in the upcoming quarters.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
