Resources Connection, Inc. Announces Quarterly Dividend and Dividend Payment Date
Resources Connection, Inc. (RGP) has declared a cash dividend of $0.14 per share, payable on March 14, 2024, to stockholders of record on February 15, 2024.
The declaration of a cash dividend of $0.14 per share by Resources Connection, Inc. signifies a distribution of profits to shareholders, which can be seen as a positive signal regarding the company's current financial health and its ability to generate cash. Dividends are often interpreted as a sign of confidence by the company's management in its future cash flows. Investors typically view such announcements as a testament to a stable and potentially growing investment.
From a financial analysis standpoint, the dividend yield, which is the dividend per share divided by the stock's price, is a key metric that investors look at. This yield provides an indication of the return on investment purely from dividend payouts, excluding capital gains. It is important to assess how this yield compares to industry averages and other investment alternatives. Additionally, the payout ratio, which is the proportion of earnings paid out as dividends, should be evaluated to understand if the dividends are sustainable in the long term without compromising the company's growth prospects.
A cash dividend can also reflect on the company's position within its industry. If Resources Connection, Inc.'s dividend is in line with or higher than its industry peers, it could suggest that it is performing well relative to its competitors or that it is prioritizing shareholder returns. On the other hand, if the dividend is lower than the industry average, it might indicate that the company is retaining more earnings for reinvestment into its operations, which could be a strategy for future growth.
Market reaction to such announcements can vary; some investors prefer companies that reinvest earnings back into the business for growth, while others prefer the immediate income provided by dividends. The company's historical dividend patterns and the consistency of payouts are also important factors that can influence investor sentiment and stock price movements following such announcements.
From an economic perspective, the decision by Resources Connection, Inc. to pay out dividends may also be influenced by the broader economic environment. In periods of low-interest rates, dividends become more attractive as they may offer a better return than fixed-income alternatives like bonds. Conversely, in a high-interest rate environment, the opportunity cost of holding dividend-paying stocks increases, as investors can potentially find higher yields elsewhere without the risk associated with equities.
Moreover, the timing of the dividend announcement can be strategic. Announcing a dividend well in advance, as is the case here, provides transparency and may help stabilize the stock price leading up to the ex-dividend date. It is also beneficial for investors who rely on dividend income for planning their finances.
01/18/2024 - 04:05 PM
IRVINE, Calif. --(BUSINESS WIRE)--
Resources Connection, Inc. (Nasdaq: RGP ) (the “Company”) announced today that the Board of Directors has approved a cash dividend of $0.14 per share, payable on March 14, 2024 to all stockholders of record on February 15, 2024.
ABOUT RGP
Recently named among Forbes’ World’s Best Management Consulting Firms for 2023 , RGP is a global consulting firm focused on project execution services that power clients’ operational needs and change initiatives utilizing on-demand, expert and diverse talent. As a next-generation human capital partner for our clients, we specialize in co-delivery of enterprise initiatives typically precipitated by business transformation, strategic transactions or regulatory change. Our engagements are designed to leverage human connection and collaboration to deliver practical solutions and more impactful results that power our clients’, consultants’ and partners’ success.
We attract top-caliber professionals with in-demand skill sets who seek a workplace environment characterized by choice and control, collaboration and human connection. The trends in today’s marketplace favor flexibility and agility as businesses confront transformation pressures and skilled labor shortages even in the face of macroeconomic contraction. Our client engagement and talent delivery model offers speed and agility, strongly positioning us to help our clients transform their businesses and workplaces, especially at a time where cost reduction initiatives drive an enhanced reliance on a flexible workforce to execute transformational projects.
With approximately 4,000 professionals collectively engaged with over 1,900 clients around the world from 40 physical practice offices and multiple virtual offices, we are their partner in delivering on the “now of work.” Headquartered in Irvine, California , RGP is proud to have served 88% of the Fortune 100.
The Company is listed on the Nasdaq Global Select Market, the exchange’s highest tier by listing standards. To learn more about RGP, visit: http://www.rgp.com . (RGP-F)
View source version on businesswire.com: https://www.businesswire.com/news/home/20240118293718/en/
Media Contact:
Michael Sitrick
(US+) 1-310-788-2850
mike_sitrick@sitrick.com
Investor Contact :
Jennifer Ryu, Chief Financial Officer
(US+) 1-714-430-6500
jennifer.ryu@rgp.com
Source: Resources Connection, Inc.
What is the cash dividend declared by Resources Connection, Inc. (RGP)?
Resources Connection, Inc. (RGP) has declared a cash dividend of $0.14 per share.
When will the cash dividend be payable to stockholders of Resources Connection, Inc. (RGP)?
The cash dividend will be payable on March 14, 2024, to stockholders of record on February 15, 2024.
Resources Connection Inc
NASDAQ:RGP
RGP Rankings
#3724 Ranked by Stock Gains
RGP Stock Data
Industry
Payroll Services
Sector
Professional, Scientific, and Technical Services
Tags
Commercial Services, Personnel Services, Professional, Scientific, and Technical Services, Payroll Services
About RGP
we’re all about practical consulting. traditional consultants give you a binder full of suggestions. we give you sound, no-nonsense advice and quality execution—big picture insights and meticulous implementation. we don’t stop at telling clients what needs doing. we help get it done. rgp partners with business leaders to solve problems, implement initiatives, drive change and transfer knowledge. we are proven problem solvers who start adding value as soon as we begin an engagement—accomplished professionals from a wide range of business backgrounds including finance & accounting, human capital, information management, legal, risk & compliance and supply chain. constantly striving to exceed client expectations, our professionals have the talent, integrity, enthusiasm and loyalty to build lasting relationships with the leaders of some of the world's largest, best-known businesses.