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

Regional Management Corp. (NYSE:RM) declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Wednesday, August 19th will be given a dividend of 0.30 per share by the credit services provider on Wednesday, September 16th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, August 19th.

Regional Management has increased its dividend payment by an average of 0.4%annually over the last three years. Regional Management has a dividend payout ratio of 18.3% meaning its dividend is sufficiently covered by earnings.

Regional Management Stock Down 0.8%

Shares of Regional Management stock opened at $42.26 on Thursday. The stock has a market cap of $389.19 million, a price-to-earnings ratio of 8.57 and a beta of 1.01. The company has a fifty day moving average price of $39.25 and a 200 day moving average price of $36.57. Regional Management has a twelve month low of $30.46 and a twelve month high of $46.00. The company has a current ratio of 59.88, a quick ratio of 59.88 and a debt-to-equity ratio of 4.30.

Regional Management (NYSE:RM) last announced its earnings results on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The business had revenue of $168.01 million during the quarter, compared to the consensus estimate of $165.69 million. Regional Management had a net margin of 7.40% and a return on equity of 13.16%.

About Regional Management

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company’s core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.