Regional Management Corp. (NYSE:RM) Announces Quarterly Dividend of $0.30

Regional Management Corp. (NYSE:RM) declared a quarterly dividend on Wednesday, November 6th,Wall Street Journal reports. Investors of record on Thursday, November 21st will be paid a dividend of 0.30 per share by the credit services provider on Wednesday, December 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Thursday, November 21st.

Regional Management has raised its dividend by an average of 81.7% per year over the last three years. Regional Management has a dividend payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Regional Management to earn $6.01 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 20.0%.

Regional Management Stock Down 6.3 %

RM stock traded down $2.06 during midday trading on Thursday, hitting $30.83. The company’s stock had a trading volume of 35,018 shares, compared to its average volume of 26,264. The firm has a 50-day simple moving average of $31.32 and a 200-day simple moving average of $29.75. The firm has a market capitalization of $313.23 million, a P/E ratio of 12.30 and a beta of 1.53. The company has a quick ratio of 49.53, a current ratio of 49.53 and a debt-to-equity ratio of 3.98. Regional Management has a 52-week low of $20.50 and a 52-week high of $34.15.

Regional Management (NYSE:RM) last announced its quarterly earnings data on Wednesday, November 6th. The credit services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.13. The business had revenue of $146.34 million during the quarter, compared to the consensus estimate of $147.09 million. Regional Management had a return on equity of 11.24% and a net margin of 4.37%. As a group, equities analysts forecast that Regional Management will post 4.41 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised their price target on Regional Management from $28.00 to $33.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st.

Regional Management Company Profile

Regional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products.