What was the dividend declared by Management Recruiters on March 1, 2021?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
n our business results and financial position. The following common share dividends were paid during 2021 and 2020:
| Declaration date | Dividend | Total paid |
|---|---|---|
| September 1, 2020 | $ 0.05 | $ 677,869 |
| December 1, 2020 | 0.05 | 679,779 |
| March 1, 2021 | 0.05 | 680, |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 65–66)
What This Means (2024 FDD)
According to Management Recruiters' 2024 Franchise Disclosure Document, a dividend of $0.05 per share was declared on March 1, 2021. The total amount paid out for this dividend was $680,247.
This information is relevant to potential Management Recruiters franchisees as it provides insight into the company's financial practices and how it distributes profits to its shareholders. Dividends are a portion of a company's earnings paid out to stockholders. A consistent dividend history can be seen as a sign of financial stability.
However, as a franchisee, you are unlikely to directly benefit from these dividends as they are paid to shareholders of the parent company, HireQuest, Inc., not to the franchisees themselves. Understanding the financial health of the franchisor is still important, as it can affect the support and resources available to franchisees.