BGSF, Inc. Announces 33rd Consecutive Quarterly Dividend
February 13 2023 - 4:05PM
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 March 2, 2023, to all shareholders of
record as of the close of business on February 23, 2023. This marks
the 33rd consecutive quarterly dividend and based on the Friday’s
closing price of the Company’s common stock, the annualized yield
is approximately 3.9%.
“We are pleased to announce BGSF’s 33rd consecutive quarterly
dividend of $0.15 per share that affirms our Board’s confidence in
the Company’s sustained, long-term growth strategy,” said Beth
Garvey, Chair, President, and Chief Executive Officer.
About BGSF
BGSF provides workforce solutions to a variety of industries
through its various divisions in IT, Cyber, Finance &
Accounting, and Real Estate (apartment communities and commercial
buildings). BGSF has integrated several regional and national
brands achieving scalable growth. The Company was ranked by
Staffing Industry Analysts as the 94th largest U.S. staffing
company and the 49th largest IT staffing firm in 2022. 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 and the expectations and objectives of our
board or management. 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 "allows," “believes,” “plans,” “expects,” “estimates,”
“should,” “would,” “may,” “might,” “forward,” “will,” “intends,”
“continue,” “outlook,” “temporarily,” “progressing,” "prospects,"
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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Steven Hooser or Sandy Martin Three Part Advisors ir@bgsf.com 214.872.2710 or 214.616.2207
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