Resources Connection, Inc. (RGP) to Issue Quarterly Dividend of $0.07 on June 19th

Resources Connection, Inc. (NASDAQ:RGP) declared a quarterly dividend on Tuesday, April 28th. Stockholders of record on Thursday, May 21st will be given a dividend of 0.07 per share on Friday, June 19th. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Thursday, May 21st.

Resources Connection has decreased its dividend 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. Equities research analysts expect Resources Connection to earn ($0.13) 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 -215.4%.

Resources Connection Stock Performance

NASDAQ RGP opened at $4.09 on Thursday. The firm has a 50 day simple moving average of $3.74 and a 200-day simple moving average of $4.34. Resources Connection has a one year low of $3.06 and a one year high of $6.30. The firm has a market cap of $140.41 million, a price-to-earnings ratio of -1.38 and a beta of 0.45.

Resources Connection (NASDAQ:RGP) last issued its quarterly earnings results on Wednesday, April 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). Resources Connection had a negative return on equity of 0.55% and a negative net margin of 20.16%.The firm had revenue of $107.93 million during the quarter, compared to analysts’ expectations of $108.19 million. Equities analysts predict that Resources Connection will post -0.29 EPS for the current fiscal 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.