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

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) annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend 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 payout ratio of 53.8% indicating that its dividend is sufficiently covered by earnings. Research 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

RGP stock traded up $0.07 during mid-day trading on Wednesday, reaching $4.25. The company had a trading volume of 125,238 shares, compared to its average volume of 451,652. The company has a market capitalization of $146.56 million, a price-to-earnings ratio of -3.55 and a beta of 0.54. Resources Connection has a 52 week low of $3.06 and a 52 week high of $5.55. The stock has a 50 day simple moving average of $4.39 and a two-hundred day simple moving average of $4.14.

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

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.