Resources Connection, Inc. (RGP) to Issue Quarterly Dividend of $0.07 on December 12th

Resources Connection, Inc. (NASDAQ:RGP) declared a quarterly dividend on Thursday, October 16th. Investors of record on Friday, November 14th will be paid a dividend of 0.07 per share on Friday, December 12th. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date is Friday, November 14th.

Resources Connection has decreased its dividend payment by an average of 0.1%per year over the last three years. Resources Connection has a dividend payout ratio of 53.8% meaning its dividend is sufficiently covered by earnings. Equities 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%.

Resources Connection Trading Up 4.6%

Shares of Resources Connection stock opened at $4.54 on Wednesday. Resources Connection has a 52 week low of $4.13 and a 52 week high of $9.96. The stock has a market cap of $151.59 million, a PE ratio of -0.79 and a beta of 0.60. The company’s 50-day moving average price is $4.79 and its two-hundred day moving average price is $5.10.

About Resources Connection

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.