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

Resources Connection, Inc. (NASDAQ:RGP) declared a quarterly dividend on Tuesday, August 11th. Investors of record on Thursday, September 3rd will be paid a dividend of 0.07 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Thursday, September 3rd.

Resources Connection has decreased its dividend payment by an average of 0.1%annually 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 ($0.18) per share next year, which means the company may not be able to cover its $0.28 annual dividend with an expected future payout ratio of -155.6%.

Resources Connection Price Performance

Shares of NASDAQ RGP traded up $0.12 during trading on Wednesday, hitting $4.30. 135,895 shares of the company were exchanged, compared to its average volume of 451,935. Resources Connection has a 1 year low of $3.06 and a 1 year high of $5.55. The company has a market cap of $148.11 million, a price-to-earnings ratio of -3.58 and a beta of 0.54. The firm’s fifty day moving average price is $4.39 and its 200 day moving average price is $4.14.

Resources Connection (NASDAQ:RGP) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. Resources Connection had a negative net margin of 8.98% and a negative return on equity of 4.63%. The company had revenue of $106.11 million during the quarter, compared to the consensus estimate of $106.76 million. On average, research analysts forecast that Resources Connection will post -0.44 earnings per share for the current year.

About Resources Connection

Resources Connection, Inc (NASDAQ: RGP) is a publicly traded professional services firm that specializes in providing independent consulting and project-based teams to help organizations manage critical business challenges. Operating under the RGP brand, the company connects highly skilled consultants with clients seeking support in areas such as finance and accounting, legal and risk management, supply chain optimization, technology implementation, and digital transformation.

RGP’s consultants bring specific industry and functional expertise to engagements, working on a flexible basis that allows clients to scale resources up or down as needed.