Resources Connection, Inc. (NASDAQ:RGP) to Issue Quarterly Dividend of $0.07
Resources Connection, Inc. (NASDAQ:RGP) has declared a quarterly dividend of $0.07 per share, payable on September 26th to shareholders of record as of August 29th. This results in an annualized dividend yield of 6.0%. The company has a payout ratio of 53.8%, indicating that earnings sufficiently cover the dividend. Analysts project earnings of $1.09 per share for the next year, suggesting continued dividend coverage. RGP shares traded flat at $4.65, with a market cap of $155.03 million and a 52-week range of $4.57 to $10.84.
Resources Connection, Inc. (NASDAQ:RGP - Get Free Report) declared a quarterly dividend on Tuesday, August 5th, Wall Street Journal reports. Shareholders of record on Friday, August 29th will be given a dividend of 0.07 per share on Friday, September 26th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Friday, August 29th.
Resources Connection has a payout ratio of 53.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Resources Connection to earn $1.09 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 25.7%.
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Resources Connection Stock Performance
Shares of RGP stock remained flat at $4.65 on Tuesday. 475,741 shares of the stock traded hands, compared to its average volume of 289,850. The company's 50-day moving average is $5.39 and its 200 day moving average is $6.20. The company has a market cap of $155.03 million, a PE ratio of -0.80, a price-to-earnings-growth ratio of 2.66 and a beta of 0.66. Resources Connection has a 52 week low of $4.57 and a 52 week high of $10.84.
Resources Connection Company Profile
(Get Free Report)Resources Connection, Inc provides consulting services to business customers under the Resources Global Professionals name in North America, Europe, and the Asia Pacific. The company offers services in the areas of transactions, including integration and divestitures, bankruptcy/restructuring, going public readiness and support, financial process optimization, and system implementation; and regulations, such as accounting regulations, internal audit and compliance, data privacy and security, healthcare compliance, and regulatory compliance.
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