Regional Management Corp. (RM) To Go Ex-Dividend on May 20th

Regional Management Corp. (NYSE:RM) declared a quarterly dividend on Wednesday, April 29th. Shareholders of record on Wednesday, May 20th will be given a dividend of 0.30 per share by the credit services provider on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, May 20th.

Regional Management has raised its dividend payment by an average of 0.4%per year over the last three years. Regional Management has a dividend payout ratio of 18.3% meaning its dividend is sufficiently covered by earnings.

Regional Management Stock Down 0.4%

Shares of RM opened at $34.07 on Monday. The firm has a market cap of $313.78 million, a PE ratio of 6.91 and a beta of 1.04. The company’s fifty day moving average is $34.70 and its two-hundred day moving average is $36.41. Regional Management has a fifty-two week low of $26.06 and a fifty-two week high of $46.00. The company has a quick ratio of 59.88, a current ratio of 59.88 and a debt-to-equity ratio of 4.30.

Regional Management (NYSE:RM) last released its quarterly earnings data on Wednesday, April 29th. The credit services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. The business had revenue of $167.29 million during the quarter, compared to the consensus estimate of $161.55 million. Regional Management had a return on equity of 13.16% and a net margin of 7.40%.

About Regional Management

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company’s core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.