Resources Connection declares quarterly dividend of $0.07 per share
The consulting firm's board approved a cash dividend, payable on June 21 to shareholders of record as of June 7. The payout marks a modest increase from the prior quarter.
Resources Connection Inc. said on Friday its board declared a quarterly cash dividend of $0.07 per share, an increase from the $0.06 per share paid in the prior quarter.
The dividend is payable on June 21 to shareholders of record as of June 7. The Irvine, California-based company did not provide additional financial or strategic context for the payout in its filing.
The move follows Resources Connection's broader efforts to return capital to shareholders amid stable cash flow from its consulting and business transformation services. The firm has maintained a consistent dividend policy since initiating payouts in 2018, though the amount has varied modestly with earnings performance.
Resources Connection reported revenue of $198.3 million in the quarter ended March 31, 2024, up 1.2% year-over-year, while net income rose 5.4% to $12.1 million. The company did not link the dividend decision to its latest results in the announcement.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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