Resources Connection, Inc. Declares Quarterly Dividend of $0.14 (NASDAQ:RGP)

Resources Connection, Inc. (NASDAQ:RGPGet Free Report) announced a quarterly dividend on Thursday, April 18th, Zacks reports. Shareholders of record on Thursday, May 16th will be paid a dividend of 0.14 per share on Thursday, June 13th. This represents a $0.56 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Wednesday, May 15th.

Resources Connection has a dividend payout ratio of 34.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Resources Connection to earn $0.93 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 60.2%.

Resources Connection Stock Performance

Shares of RGP opened at $11.61 on Tuesday. The stock has a market capitalization of $392.53 million, a price-to-earnings ratio of 17.59, a PEG ratio of 2.35 and a beta of 0.66. Resources Connection has a 52 week low of $10.59 and a 52 week high of $17.24. The stock has a fifty day moving average of $12.16 and a 200-day moving average of $13.15.

Resources Connection (NASDAQ:RGPGet Free Report) last released its quarterly earnings data on Wednesday, April 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.18. Resources Connection had a return on equity of 6.86% and a net margin of 3.34%. The company had revenue of $151.31 million during the quarter, compared to the consensus estimate of $152.77 million. During the same quarter in the prior year, the firm posted $0.32 earnings per share. The firm’s revenue was down 19.0% compared to the same quarter last year. As a group, equities analysts forecast that Resources Connection will post 0.32 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on RGP. lowered Resources Connection from a “buy” rating to a “hold” rating in a research report on Sunday, February 25th. Robert W. Baird reduced their price objective on shares of Resources Connection from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, April 4th.

Read Our Latest Analysis on RGP

Resources Connection Company Profile

(Get Free Report)

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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Dividend History for Resources Connection (NASDAQ:RGP)

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