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

Regional Management Corp. (NYSE:RM) announced a quarterly dividend on Wednesday, July 31st, NASDAQ reports. Investors of record on Wednesday, August 21st will be paid a dividend of 0.30 per share by the credit services provider on Thursday, September 12th. This represents a $1.20 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Wednesday, August 21st.

Regional Management has raised its dividend payment by an average of 81.7% annually over the last three years. Regional Management has a payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Equities research 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 Performance

Shares of RM opened at $32.71 on Tuesday. The company has a 50-day moving average of $29.16 and a two-hundred day moving average of $26.71. The stock has a market cap of $323.70 million, a P/E ratio of 14.22 and a beta of 1.51. Regional Management has a 12-month low of $20.50 and a 12-month high of $33.87. The company has a current ratio of 49.53, a quick ratio of 49.53 and a debt-to-equity ratio of 3.98.

Regional Management (NYSE:RM) last issued its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.27. The firm had revenue of $143.03 million during the quarter, compared to the consensus estimate of $143.13 million. Regional Management had a return on equity of 11.24% and a net margin of 4.37%. During the same period in the previous year, the firm posted $0.63 EPS. As a group, research analysts predict that Regional Management will post 4.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on RM. StockNews.com raised Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 2nd. BTIG Research assumed coverage on shares of Regional Management in a report on Friday, June 7th. They set a “neutral” rating for the company. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Regional Management from $28.00 to $33.00 and gave the company a “market perform” rating in a research 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.