Regional Management Corp. (RM) to Issue Quarterly Dividend of $0.30 on December 11th

Regional Management Corp. (NYSE:RM) announced 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 yield of 4.01%. The ex-dividend date is Thursday, November 21st.

Regional Management has increased its dividend payment by an average of 81.7% annually over the last three years. Regional Management has a payout ratio of 21.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Regional Management to earn $5.43 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 22.1%.

Regional Management Stock Up 0.8 %

RM opened at $29.90 on Tuesday. The firm has a market cap of $303.78 million, a P/E ratio of 12.56 and a beta of 1.53. The company has a debt-to-equity ratio of 3.94, a quick ratio of 44.42 and a current ratio of 44.42. The business has a 50 day moving average price of $30.96 and a 200 day moving average price of $30.01. Regional Management has a twelve month low of $20.50 and a twelve month high of $34.15.

Wall Street Analyst Weigh In

RM has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Regional Management from $28.00 to $33.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Stephens started coverage on shares of Regional Management in a research note on Wednesday, November 13th. They set an “overweight” rating and a $38.00 target price for the company.

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.