Resources Connection, Inc. (RECN) Announces Quarterly Dividend of $0.12

Resources Connection, Inc. (NASDAQ:RECN) announced a quarterly dividend on Tuesday, January 23rd, RTT News reports. Investors of record on Thursday, February 15th will be given a dividend of 0.12 per share by the business services provider on Thursday, March 15th. This represents a $0.48 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Wednesday, February 14th.

Shares of Resources Connection (NASDAQ:RECN) opened at $15.15 on Friday. Resources Connection has a 52-week low of $12.05 and a 52-week high of $17.40. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.36 and a quick ratio of 2.36. The stock has a market cap of $481.60, a price-to-earnings ratio of 23.26 and a beta of 1.21.

Resources Connection (NASDAQ:RECN) last posted its quarterly earnings results on Wednesday, January 3rd. The business services provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. Resources Connection had a net margin of 2.98% and a return on equity of 8.25%. The business had revenue of $156.70 million during the quarter, compared to the consensus estimate of $152.91 million. During the same quarter last year, the firm posted $0.26 EPS. Resources Connection’s revenue was up 6.2% compared to the same quarter last year. equities analysts forecast that Resources Connection will post 0.83 earnings per share for the current year.

Several analysts recently issued reports on the stock. BidaskClub raised shares of Resources Connection from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. TheStreet raised shares of Resources Connection from a “c+” rating to a “b” rating in a research report on Thursday, January 4th. Zacks Investment Research downgraded shares of Resources Connection from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Robert W. Baird reissued a “hold” rating and issued a $15.00 price target on shares of Resources Connection in a research report on Friday, November 10th. Finally, JPMorgan Chase & Co. downgraded shares of Resources Connection from a “neutral” rating to an “underweight” rating and set a $16.00 price target for the company. in a research report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $15.25.

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Resources Connection Company Profile

Resources Connection, Inc is a multinational consulting firm. The Company’s operating entities primarily provide services under the name Resources Global Professionals (RGP). The Company provides consulting and business initiative support services to its global client base in the areas of accounting; finance; corporate governance, risk and compliance (GRC) management; corporate advisory, strategic communications and restructuring; information management; human capital; supply chain management, and legal and regulatory.

Dividend History for Resources Connection (NASDAQ:RECN)

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