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

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 annualized dividend and a yield of 6.59%. The ex-dividend date is Friday, February 14th.

Resources Connection has a payout ratio of 62.2% meaning its dividend is sufficiently covered by earnings. 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 Stock Down 0.7 %

Shares of RGP stock traded down $0.06 on Friday, hitting $8.50. The company had a trading volume of 458,648 shares, compared to its average volume of 533,366. Resources Connection has a twelve month low of $7.90 and a twelve month high of $14.29. The firm has a market cap of $281.27 million, a P/E ratio of -4.57 and a beta of 0.66. The company has a 50-day moving average price of $8.50 and a 200-day moving average price of $9.32.

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.