11/8/2011 Print Version
VANCOUVER, WA, Nov 08, 2011 (MARKETWIRE via COMTEX) -- Barrett Business Services, Inc. (BBSI) (NASDAQ: BBSI), a leading provider of business management solutions, announced that its board of directors approved an increase to the Company's regular quarterly cash dividend, raising it from $0.09 to $0.11 per share. The cash dividend will be paid on December 9, 2011 to all stockholders of record as of November 25, 2011.
"Today's announcement reflects our strong financial position and our continued belief in the long-term opportunity for BBSI and its shareholders," said Michael Elich, President and CEO of BBSI. "We will continue to focus on our clients, make investments in infrastructure and prudently manage our resources. We believe this will lead to continued value creation in the future."
BBSI (NASDAQ: BBSI) is a leading provider of business management solutions, combining human resource outsourcing and professional management consulting to create a unique operational platform that differentiates it from competitors. The Company's integrated platform is built upon expertise in payroll processing, employee benefits, workers' compensation coverage, risk management and workplace safety programs, and human resource administration. BBSI's partnerships help businesses of all sizes improve the efficiency of their operations. BBSI works with more than 3,000 clients across all lines of business in 25 states. For more information, please visit www.barrettbusiness.com.
Forward-Looking Statements Statements in this release about future events or performance are forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from any future results expressed or implied by such forward-looking statements. Factors that could affect future results include economic conditions in the Company's service areas, the effect of changes in the Company's mix of services on gross margin, the Company's ability to retain current customers and attract new customers, future workers' compensation claims experience, the effect of changes in the workers' compensation regulatory environment in one or more of the Company's primary markets, the collectability of accounts receivable, and the effect of conditions in the global capital markets on the Company's investment portfolio, among others. Other important factors that may affect the Company's future prospects are described in the Company's 2010 Annual Report on Form 10-K. Although forward-looking statements help to provide complete information about the Company, readers should keep in mind that forward-looking statements may be less reliable than historical information. The Company undertakes no obligation to update or revise forward-looking statements in this release to reflect events or changes in circumstances that occur after the date of this release.
Michael L. Elich
President and Chief Executive Officer
Liolios Group, Inc.
Scott Liolios or Cody Slach
Tel (949) 574-3860
SOURCE: Barrett Business Services, Inc.