Regional Management Corp. (RM) to Issue Quarterly Dividend of $0.30 on March 13th

Regional Management Corp. (NYSE:RM) announced a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Shareholders of record on Thursday, February 20th will be paid a dividend of 0.30 per share by the credit services provider on Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Thursday, February 20th.

Regional Management has raised its dividend by an average of 8.1% annually over the last three years. Regional Management has a payout ratio of 16.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Regional Management to earn $5.29 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 22.7%.

Regional Management Trading Down 1.7 %

Shares of RM stock opened at $36.33 on Friday. The company has a market capitalization of $369.10 million, a price-to-earnings ratio of 15.26 and a beta of 1.49. The company has a debt-to-equity ratio of 3.94, a quick ratio of 44.42 and a current ratio of 44.42. The company has a 50-day simple moving average of $34.16 and a two-hundred day simple moving average of $32.15. Regional Management has a 52-week low of $20.50 and a 52-week high of $37.52.

Regional Management (NYSE:RM) last posted its earnings results on Wednesday, February 5th. The credit services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.10. Regional Management had a net margin of 4.13% and a return on equity of 11.98%. Research analysts anticipate that Regional Management will post 4.48 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Stephens began coverage on shares of Regional Management in a report on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 price target on the stock.

Insider Activity at Regional Management

In other Regional Management news, SVP Catherine R. Atwood sold 1,128 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $33.00, for a total value of $37,224.00. Following the sale, the senior vice president now owns 42,025 shares of the company’s stock, valued at $1,386,825. This trade represents a 2.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert William Beck sold 13,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $36.71, for a total transaction of $477,230.00. Following the completion of the sale, the chief executive officer now directly owns 101,673 shares in the company, valued at approximately $3,732,415.83. This trade represents a 11.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,973 shares of company stock valued at $2,656,230. Insiders own 10.50% of the company’s stock.

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.