Regional Management Corp. (RM) To Go Ex-Dividend on August 19th

Regional Management Corp. (NYSE:RM) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Wednesday, August 19th will be given a dividend of 0.30 per share by the credit services provider on Wednesday, September 16th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, August 19th.

Regional Management has increased its dividend payment by an average of 0.4%per year over the last three years. Regional Management has a payout ratio of 18.3% meaning its dividend is sufficiently covered by earnings.

Regional Management Price Performance

Regional Management stock opened at $33.52 on Monday. Regional Management has a 52 week low of $30.46 and a 52 week high of $46.00. The company’s 50 day moving average price is $38.51 and its two-hundred day moving average price is $36.16. The stock has a market cap of $309.34 million, a P/E ratio of 7.06 and a beta of 1.02. The company has a quick ratio of 64.04, a current ratio of 64.04 and a debt-to-equity ratio of 4.41.

Regional Management (NYSE:RM) last released its earnings results on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.04. Regional Management had a return on equity of 12.49% and a net margin of 6.98%.The company had revenue of $168.01 million during the quarter, compared to analyst estimates of $165.69 million.

About Regional Management

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company’s core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.