Resources Connection, Inc. (NASDAQ:RGP) Announces Quarterly Dividend of $0.07

Key Points

• Resources Connection, Inc. announced a quarterly dividend of $0.07 per share, with payment scheduled for December 12th to shareholders of record as of November 14th.
• The company has a dividend yield of 6.4% and a payout ratio of 53.8%, indicating the dividend is well-supported by earnings.
• Resources Connection's current stock price is $4.35, with a fifty-two week range between $4.23 and $9.96, and projected earnings of $1.09 per share for the next year.

Resources Connection, Inc. (NASDAQ:RGP - Get Free Report) announced a quarterly dividend on Monday, October 20th. Shareholders of record on Friday, November 14th will be paid a dividend of 0.07 per share on Friday, December 12th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Friday, November 14th.

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%.

Resources Connection Price Performance

Shares of NASDAQ:RGP opened at $4.35 on Tuesday. Resources Connection has a fifty-two week low of $4.23 and a fifty-two week high of $9.96. The business has a 50-day moving average of $4.92 and a two-hundred day moving average of $5.20. The stock has a market capitalization of $145.25 million, a P/E ratio of -0.76 and a beta of 0.62.

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.

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