Resources Connection, Inc. Announces Quarterly Dividend of $0.14 (NASDAQ:RGP)

Resources Connection, Inc. (NASDAQ:RGP) announced a quarterly dividend on Friday, January 17th,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.14 per share on Friday, March 14th. This represents a $0.56 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date is Friday, February 14th.

Resources Connection has a dividend payout ratio of 62.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Resources Connection to earn $1.09 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 51.4%.

Resources Connection Price Performance

RGP stock opened at $8.50 on Friday. The stock has a market capitalization of $281.27 million, a PE ratio of -4.57 and a beta of 0.66. The company has a 50 day moving average price of $8.49 and a 200 day moving average price of $9.30. Resources Connection has a fifty-two week low of $7.90 and a fifty-two week high of $14.29.

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.