Regional Management Corp. (NYSE:RM) Announces Quarterly Dividend of $0.30

Regional Management Corp. (NYSE:RM) declared a quarterly dividend on Wednesday, April 29th. Shareholders of record on Wednesday, May 20th will be given a dividend of 0.30 per share by the credit services provider on Wednesday, June 10th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, May 20th.

Regional Management has increased its dividend by an average of 0.4%annually over the last three years. Regional Management has a payout ratio of 18.3% indicating that its dividend is sufficiently covered by earnings.

Regional Management Price Performance

NYSE RM traded down $1.60 during trading on Thursday, hitting $36.92. 17,599 shares of the stock traded hands, compared to its average volume of 59,075. The company has a market capitalization of $344.46 million, a P/E ratio of 8.29 and a beta of 1.03. The firm has a 50-day simple moving average of $34.33 and a 200-day simple moving average of $36.78. The company has a quick ratio of 49.92, a current ratio of 49.92 and a debt-to-equity ratio of 4.40. Regional Management has a 12-month low of $26.06 and a 12-month high of $46.00.

Regional Management (NYSE:RM) last posted its quarterly earnings data on Wednesday, April 29th. The credit services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.17. The business had revenue of $167.29 million during the quarter, compared to analyst estimates of $161.65 million. Regional Management had a return on equity of 12.12% and a net margin of 6.88%.

Regional Management Company Profile

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company’s core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.