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

Resources Connection, Inc. (NASDAQ:RGP) declared a quarterly dividend on Thursday, January 22nd. Investors of record on Friday, February 20th will be paid a dividend of 0.07 per share on Friday, March 20th. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Friday, February 20th.

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% indicating that 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 Stock Performance

Shares of Resources Connection stock opened at $3.77 on Wednesday. The company has a fifty day moving average of $4.72 and a 200-day moving average of $4.76. The stock has a market capitalization of $126.33 million, a price-to-earnings ratio of -0.94 and a beta of 0.48. Resources Connection has a 52-week low of $3.71 and a 52-week high of $8.00.

Resources Connection (NASDAQ:RGP) last released its quarterly earnings data on Wednesday, January 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.08. The firm had revenue of $117.73 million for the quarter, compared to analysts’ expectations of $119.97 million. Resources Connection had a negative net margin of 26.13% and a positive return on equity of 0.62%.

Resources Connection Company Profile

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.