Resources Connection, Inc. (NASDAQ:RECN) Updates On Quarterly Dividend


As per Resources Connection, Inc. (NASDAQ:RECN) statement on 2016-08-03, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.11 per share as dividend to stakeholders. The record date is set as 2016-08-24, the payout date as 2016-09-21 and the ex-dividend date is 2016-08-22.

Last fiscal Resources Connection, Inc. (NASDAQ:RECN) disbursed cash dividend of $0.11. A year ago, the payout was $0.11, which indicates a difference of 25%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.11, implying 20.1124% growth.

For the period ended on 2016-05-31, Resources Connection, Inc. (NASDAQ:RECN)’s earnings came at $0.23 per share compared to EPS of $0.19 a year ago. This quarter the firm can post earnings for quarter ending 2016-08-31 on or around 2016-10-05. For this quarter, the analysts have earnings estimate of $0.17 per share.

The interim price target for Resources Connection, Inc. (NASDAQ:RECN) is set at $14.5. This level is the mean price reached by averaging the stock views of 2 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Resources Connection, Inc. (NASDAQ:RECN) is seen at $16 and the lowest level is established at $13. This broad range highlights a standard deviation of $2.121 in reported estimates.

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