Resources Connection, Inc. Plans Quarterly Dividend of $0.07 (NASDAQ:RGP)

Resources Connection, Inc. (NASDAQ:RGP) declared a quarterly dividend on Tuesday, April 28th. Investors of record on Thursday, May 21st will be paid a dividend of 0.07 per share on Friday, June 19th. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date is Thursday, May 21st.

Resources Connection has decreased its dividend 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 ($0.13) 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 -215.4%.

Resources Connection Stock Up 2.2%

Shares of RGP opened at $4.11 on Wednesday. Resources Connection has a 12-month low of $3.06 and a 12-month high of $6.30. The firm has a market capitalization of $141.10 million, a price-to-earnings ratio of -1.39 and a beta of 0.45. The stock’s 50-day moving average price is $3.73 and its 200 day moving average price is $4.34.

Resources Connection (NASDAQ:RGP) last issued its quarterly earnings results on Wednesday, April 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.04). Resources Connection had a negative net margin of 20.16% and a negative return on equity of 0.55%. The firm had revenue of $107.93 million for the quarter, compared to the consensus estimate of $108.19 million. Equities research analysts expect that Resources Connection will post -0.29 EPS 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.