Dividend Coverage: Resources Connection, Inc. (NASDAQ:RECN) shareholders can count on dividends of $0.11 on Dec 15, 2016.

Dividend Coverage: Resources Connection, Inc. (NASDAQ:RECN) shareholders can count on dividends of $0.11 on Dec 15, 2016.

Resources Connection, Inc. (NASDAQ:RECN) is expected to pay $0.11 on Dec 15, 2016. The indicated annual dividend is $0.44. Shareholders owning the stock before Nov 15, 2016 will be eligible to receive the payout. Based on Resources Connection, Inc.’s current price of $15.70, the dividend is 0.70%. This dividend’s record date is Nov 17, 2016 and the announcement date is Oct 27, 2016. The stock increased 1.29% or $0.2 on November 11, hitting $15.7. Resources Connection, Inc. (NASDAQ:RECN) has risen 16.82% since April 12, 2016 and is uptrending. It has outperformed by 11.83% the S&P500.

Resources Connection, Inc. is a multinational consulting firm. The company has a market cap of $575.17 million. The Company’s operating entities primarily provide services under the name Resources Global Professionals . It has a 20.21 P/E ratio. The Firm 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.

Insitutional Activity: The institutional sentiment decreased to 0.67 in 2016 Q2. Its down 0.43, from 1.1 in 2016Q1. The ratio worsened, as 17 funds sold all Resources Connection, Inc. shares owned while 50 reduced positions. 14 funds bought stakes while 31 increased positions. They now own 31.18 million shares or 0.62% more from 30.99 million shares in 2016Q1.
Blackrock last reported 9,357 shares in the company. Prudential Fincl last reported 0% of its portfolio in the stock. First Mercantile Tru last reported 0.06% of its portfolio in the stock. State Street has 897,712 shares for 0% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Resources Connection, Inc. (NASDAQ:RECN). Tower Research Ltd Llc (Trc) has invested 0% of its portfolio in Resources Connection, Inc. (NASDAQ:RECN). National Bank & Trust Of Montreal Can owns 16,259 shares or 0% of their US portfolio. Old Mutual Invsts (Uk) Limited last reported 5,541 shares in the company. Fisher Asset Lc reported 226,997 shares or 0.01% of all its holdings. Suntrust Banks last reported 21,715 shares in the company. Da Davidson & holds 0% of its portfolio in Resources Connection, Inc. (NASDAQ:RECN) for 1,700 shares. Deprince Race & Zollo accumulated 0.11% or 369,972 shares. Ameriprise Finance has 0% invested in the company for 178,510 shares. Northern accumulated 0% or 676,655 shares. Gotham Asset Mngmt Ltd Com owns 15,596 shares or 0% of their US portfolio.

Resources Connection, Inc. (NASDAQ:RECN) Ratings Coverage

Out of 2 analysts covering Resources Connection Inc. (NASDAQ:RECN), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Resources Connection Inc. has been the topic of 3 analyst reports since August 18, 2016 according to StockzIntelligence Inc. The rating was initiated by Deutsche Bank with “Sell” on Thursday, August 18. Robert W. Baird maintained Resources Connection, Inc. (NASDAQ:RECN) rating on Thursday, October 6. Robert W. Baird has “Neutral” rating and $14 price target. On Thursday, October 6 the stock rating was maintained by Deutsche Bank with “Sell”.

More notable recent Resources Connection, Inc. (NASDAQ:RECN) news were published by: Businesswire.com which released: “Resources Connection, Inc. Reports First Quarter Results for Fiscal 2017” on October 05, 2016, also Businesswire.com with their article: “Resources Connection, Inc. Reports Third Quarter Results for Fiscal 2016” published on April 07, 2016, Reuters.com published: “BRIEF-Resources Connection Inc commences modified Dutch Auction tender off…” on October 17, 2016. More interesting news about Resources Connection, Inc. (NASDAQ:RECN) were released by: Finance.Yahoo.com and their article: “Resources Connection, Inc. Announces Commencement of Modified Dutch Auction …” published on October 18, 2016 as well as Blogs.Wsj.com‘s news article titled: “CFO Moves: Resources Connection” with publication date: August 18, 2016.

RECN Company Profile

Resources Connection, Inc., incorporated on November 16, 1998, is a multinational consulting firm. The Company’s operating entities primarily provide services under the name Resources Global Professionals (RGP). The Firm 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. The Firm provides its services and solutions to a client base in a range of industries.

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