BGSF, Inc. Announces 29th Consecutive Quarterly Dividend
February 03 2022 - 5:28PM
Business Wire
BGSF, Inc. (NYSE: BGSF), a leading national provider of
workforce solutions, today announced that its Board of Directors
has declared a quarterly cash dividend of $0.15 per share of common
stock.
The dividend is payable on February 22, 2022 to all shareholders
of record as of the close of business on February 14, 2022. This
marks the 29th consecutive quarterly dividend and based on the
closing price of the Company’s common stock on Wednesday, February
2, the annualized yield is approximately 4.3%.
“On behalf of the board of directors, we are pleased to announce
our 29th consecutive dividend. Our continued operational and
financial performance gives us confidence in our ongoing capital
allocation plans, including our long-standing dividend strategy to
return capital to our shareholders,” said Beth A. Garvey, President
and CEO.
About BGSF
With its home office in Plano, Texas, BGSF provides workforce
solutions to a variety of industries through its various divisions
in IT, Cyber, Finance & Accounting, Creative, Real Estate
(apartment communities and commercial buildings), and Light
Industrial. BGSF has integrated several regional and national
brands achieving scalable growth. The Company was ranked by
Staffing Industry Analysts as the 79th largest U.S. staffing
company and the 48th largest IT staffing firm in the 2021. The
Company’s disciplined acquisition philosophy, which builds value
through both financial growth and the retention of unique and
dedicated talent within BGSF’s family of companies, has resulted in
a seasoned management team with strong tenure and the ability to
offer exceptional service to our field talent and client partners
while building value for investors. For more information on the
Company and its services, please visit its website at
www.bgsf.com.
Forward-Looking Statements
The forward-looking statements in this press release are made
under the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements may
include, but are not limited to, statements regarding our future
financial performance (including any general or specific numerical
guidance with respect thereto), the expectations and objectives of
our board or management, the impact of the COVID-19 pandemic,
including but not limited to the impact of the COVID-19 pandemic on
our business, prospects, results of operations, or financial
condition or on our vendors or client partners, and our intention
or ability to pay future cash dividends. The Company’s actual
results could differ materially from those indicated by the
forward-looking statements because of various risks and
uncertainties including those listed in Item 1A of the Company’s
Annual Report on Form 10-K and in the Company’s other filings and
reports with the Securities and Exchange Commission. All of the
risks and uncertainties are beyond the ability of the Company to
control, and in many cases, the Company cannot predict the risks
and uncertainties that could cause its actual results to differ
materially from those indicated by the forward-looking statements.
When used in this press release, the words “believes,” “plans,”
“expects,” “estimates,” “should,” “would,” “may,” “might,”
“forward,” “will,” “intends,” “continue,” “outlook,” “temporarily,”
“progressing,” and “anticipates” and similar expressions as they
relate to the Company or its management are intended to identify
forward-looking statements. Except as required by law, the Company
is not obligated to publicly release any revisions to these
forward-looking statements to reflect the events or circumstances
after the date of this press release or to reflect the occurrence
of unanticipated events.
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version on businesswire.com: https://www.businesswire.com/news/home/20220203005985/en/
Hala Elsherbini or Steven Hooser Three Part Advisors ir@bgsf.com
214.442.0016
BGSF (NYSE:BGSF)
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