Resources Connection, Inc. (NASDAQ:RGP – Get Free Report) announced a quarterly dividend on Monday, October 21st, Zacks reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.14 per share on Monday, December 16th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date is Friday, November 15th.
Resources Connection has a payout ratio of 41.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Resources Connection to earn $1.21 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 46.3%.
Resources Connection Stock Performance
Resources Connection stock opened at $8.36 on Wednesday. Resources Connection has a twelve month low of $8.13 and a twelve month high of $14.63. The firm has a market cap of $279.81 million, a PE ratio of 23.22, a P/E/G ratio of 3.42 and a beta of 0.65. The firm’s 50 day moving average price is $9.50 and its two-hundred day moving average price is $10.49.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. StockNews.com downgraded Resources Connection from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. JPMorgan Chase & Co. dropped their price target on shares of Resources Connection from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 23rd.
Get Our Latest Stock Report on RGP
About Resources Connection
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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