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

Resources Connection, Inc. (NASDAQ:RGP - Get Free Report) declared a quarterly dividend on Tuesday, August 5th, Wall Street Journal reports. Shareholders of record on Friday, August 29th will be given a dividend of 0.07 per share on Friday, September 26th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Friday, August 29th.Resources Connection has a payout ratio of 53.8% meaning its dividend is sufficiently covered by earnings. Equities 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 $0.28 annual dividend with an expected future payout ratio of 25.7%. Get Resources Connection alerts:Resources Connection Stock PerformanceShares of RGP stock remained flat at $4.65 on Tuesday. 475,741 shares of the stock traded hands, compared to its average volume of 289,850. The company's 50-day moving average is $5.39 and its 200 day moving average is $6.20. The company has a market cap of $155.03 million, a PE ratio of -0.80, a price-to-earnings-growth ratio of 2.66 and a beta of 0.66. Resources Connection has a 52 week low of $4.57 and a 52 week high of $10.84. Resources Connection Company Profile (Get Free Report)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.Recommended StoriesFive stocks we like better than Resources ConnectionHow to Profit From Growth Investing Ride the Rally: 3 Earnings Winners With More Upside AheadWhat Percentage Gainers Tell Investors and Why They Don’t Tell the Whole StoryApplied Digital: Why a Surge in Bullish Bets Signals a New Era TSX Venture Exchange (Formerly Canadian Venture Exchange)Palantir Stock Soars After Blowout Earnings ReportThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Resources Connection Right Now?Before you consider Resources Connection, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Resources Connection wasn't on the list.While Resources Connection currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here