Rectitude Holdings Ltd. (RECT) to Issue Dividend of $0.10 on September 21st

Rectitude Holdings Ltd. (NASDAQ:RECT) announced a dividend on Wednesday, August 5th. Stockholders of record on Monday, September 7th will be paid a dividend of 0.10 per share on Monday, September 21st. The ex-dividend date of this dividend is Friday, September 4th.

Rectitude Price Performance

Rectitude stock opened at $1.34 on Wednesday. The company’s 50-day moving average price is $1.24 and its 200-day moving average price is $1.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.93 and a current ratio of 2.53. Rectitude has a twelve month low of $0.96 and a twelve month high of $4.98.

Rectitude (NASDAQ:RECT) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $10.47 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Rectitude from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Rectitude currently has a consensus rating of “Sell”.

About Rectitude

Rectitude Holdings Ltd is principally involved in the provision of safety equipment, encompassing essential items such as personal protective clothing, gloves, safety footwear, personal fall arrest systems, portable fire extinguishers and traffic products. The Company also offers auxiliary products such as industrial hardware tools and electrical hardware required for construction sites. Rectitude Holdings Ltd is based in SINGAPORE.