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

Key Points

• Resources Connection, Inc. has declared a quarterly dividend of $0.07 per share, with an annualized dividend representing a yield of 6.0%.
• The ex-dividend date is set for August 29th, with dividends payable on September 26th.
• Resources Connection's current payout ratio stands at 53.8%, indicating that the dividend is well-covered by the company's earnings.

Resources Connection, Inc. (NASDAQ:RGP - Get Free Report) declared a quarterly dividend on Monday, August 4th, Wall Street Journal reports. Investors of record on Friday, August 29th will be paid a dividend of 0.07 per share on Friday, September 26th. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, August 29th.

Resources Connection has a dividend 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

NASDAQ RGP traded down $0.01 during trading hours on Thursday, hitting $4.68. The company had a trading volume of 93,295 shares, compared to its average volume of 288,165. The firm's 50 day moving average is $5.37 and its 200 day moving average is $6.18. Resources Connection has a fifty-two week low of $4.57 and a fifty-two week high of $10.45. The company has a market capitalization of $156.03 million, a price-to-earnings ratio of -0.80, a P/E/G ratio of 2.58 and a beta of 0.66.

Resources Connection Company Profile

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.