What was the amount of cash dividends paid by Management Recruiters in 2022?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
| | | | | | | | | Weighted average shares outstanding | | | | | | | | Basic | | 13,733 | | 13,654 | | | | Diluted | | 13,801 | | 13,721 | | |
HireQuest, Inc. Consolidated Statement of Changes in Stockholders' Equity
| Common stock | Treasury stock | Additional paid in | Retained | Total stockholders' | ||
|---|---|---|---|---|---|---|
| (in thousands) | Shares | Par value | amount | capital | earnings | equity |
| Balance at December 31, 2021 | 13,745 | $ 14 | $ (146) | $ 30,472 | $ 16,395 | $ 46,735 |
| Stock-based compensation | - | - | - | 2,372 | - | 2,372 |
| Cash dividends ($0.0 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 65–66)
What This Means (2024 FDD)
According to Management Recruiters' 2024 Franchise Disclosure Document, cash dividends paid in 2022 totaled $3,311,000. This figure represents the total amount of cash distributed to shareholders during that year.
For a prospective Management Recruiters franchisee, understanding the dividend payout is crucial as it reflects the financial health and profitability of the company. A consistent dividend payment history can indicate stability and strong financial management. However, it's also important to consider how dividend payments might impact the company's ability to reinvest in growth initiatives or support franchisees.
It is also important to note that on February 22, 2022, the Board declared a $0.06 per common share cash dividend to shareholders of record as of March 1, 2022, which was paid on March 15, 2022. This provides insight into the dividend distribution strategy of Management Recruiters. The total dividends paid out are influenced by the number of outstanding shares and the dividend rate per share.