Regional Management Corp. Declares Quarterly Dividend of $0.30 (NYSE:RM)

Regional Management Corp. (NYSE:RM) declared a quarterly dividend on Wednesday, November 6th,Wall Street Journal reports. Investors of record on Thursday, November 21st will be given a dividend of 0.30 per share by the credit services provider on Wednesday, December 11th. This represents a $1.20 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Thursday, November 21st.

Regional Management has increased its dividend payment by an average of 81.7% annually over the last three years. Regional Management has a payout ratio of 21.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Regional Management to earn $5.43 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 22.1%.

Regional Management Price Performance

NYSE RM opened at $29.90 on Wednesday. The company has a quick ratio of 44.42, a current ratio of 44.42 and a debt-to-equity ratio of 3.94. The stock has a market capitalization of $303.78 million, a PE ratio of 12.56 and a beta of 1.53. Regional Management has a 12-month low of $20.50 and a 12-month high of $34.15. The company has a 50 day moving average price of $30.93 and a two-hundred day moving average price of $30.02.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Regional Management from $28.00 to $33.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Stephens started coverage on shares of Regional Management in a report on Wednesday, November 13th. They set an “overweight” rating and a $38.00 price target for the company.

Regional Management Company Profile

Regional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products.