Resources Connection, Inc. (RGP) To Go Ex-Dividend on September 3rd

Resources Connection, Inc. (NASDAQ:RGP) declared a quarterly dividend on Tuesday, August 11th. Shareholders of record on Thursday, September 3rd will be given a dividend of 0.07 per share on Thursday, October 1st. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date is Thursday, September 3rd.

Resources Connection has decreased its dividend payment by an average of 0.1%annually over the last three years. Resources Connection has a dividend payout ratio of 53.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Resources Connection to earn ($0.18) per share next year, which means the company may not be able to cover its $0.28 annual dividend with an expected future payout ratio of -155.6%.

Resources Connection Stock Down 0.2%

Shares of NASDAQ:RGP opened at $4.17 on Thursday. The company’s fifty day moving average is $4.38 and its two-hundred day moving average is $4.14. Resources Connection has a 12-month low of $3.06 and a 12-month high of $5.55. The company has a market cap of $143.61 million, a P/E ratio of -3.47 and a beta of 0.54.

Resources Connection (NASDAQ:RGP) last issued its earnings results on Wednesday, July 22nd. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.01. The business had revenue of $106.11 million during the quarter, compared to analysts’ expectations of $106.76 million. Resources Connection had a negative return on equity of 4.63% and a negative net margin of 8.98%. Equities research analysts anticipate that Resources Connection will post -0.44 earnings per share for the current year.

Resources Connection Company Profile

Resources Connection, Inc (NASDAQ: RGP) is a publicly traded professional services firm that specializes in providing independent consulting and project-based teams to help organizations manage critical business challenges. Operating under the RGP brand, the company connects highly skilled consultants with clients seeking support in areas such as finance and accounting, legal and risk management, supply chain optimization, technology implementation, and digital transformation.

RGP’s consultants bring specific industry and functional expertise to engagements, working on a flexible basis that allows clients to scale resources up or down as needed.