Resources Connection, Inc. (NASDAQ:RGP) Shares Will Pay Quarterly Dividend of $0.07

Resources Connection, Inc. (NASDAQ:RGP) announced a quarterly dividend on Tuesday, October 27th. Investors of record on Thursday, November 19th will be paid a dividend of $0.07 per share on Thursday, December 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date is Thursday, November 19th.

Resources Connection has decreased its dividend payment by an average of 0.1% per year over the last three years. Resources Connection has a payout ratio of 53.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Resources Connection to earn ($0.34) 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 -82.4%.

Resources Connection Stock Down 1.1%

RGP opened at $2.63 on Wednesday. The firm’s fifty day moving average price is $3.65 and its 200 day moving average price is $4.04. Resources Connection has a 12-month low of $2.33 and a 12-month high of $5.36.

Resources Connection (NASDAQ:RGP) last announced its quarterly earnings data on Wednesday, October 7th. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.01. The company had revenue of $98.09 million for the quarter, compared to analyst estimates of $99.98 million. As a group, research analysts predict that Resources Connection will post -0.71 EPS for the current year.

About Resources Connection

Resources Connection, Inc (NASDAQ:RGP) is a professional services and consulting company that helps organizations address complex business, operational and regulatory needs. Through its Resources Global Professionals business, the company provides project-based consultants and consulting solutions to clients across a range of corporate functions.

Its services include accounting and finance, internal audit and risk management, compliance, legal and regulatory affairs, information technology, human resources, supply chain management, and other operational and business transformation initiatives.