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

Resources Connection, Inc. (NASDAQ:RGP) declared a quarterly dividend on Friday, January 17th,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.14 per share on Friday, March 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date of this dividend is Friday, February 14th.

Resources Connection has a payout ratio of 62.2% indicating that 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 Performance

RGP stock traded down $0.06 during midday trading on Friday, reaching $8.50. The stock had a trading volume of 458,648 shares, compared to its average volume of 533,366. The firm has a fifty day simple moving average of $8.50 and a two-hundred day simple moving average of $9.32. Resources Connection has a 52-week low of $7.90 and a 52-week high of $14.29. The stock has a market cap of $281.27 million, a PE ratio of -4.57 and a beta of 0.66.

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.