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

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 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Thursday, November 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 22.2% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 6.3 %

Shares of Regional Management stock traded down $2.06 during trading hours on Thursday, reaching $30.83. 35,018 shares of the company’s stock were exchanged, compared to its average volume of 26,264. The firm has a market capitalization of $313.23 million, a price-to-earnings ratio of 12.30 and a beta of 1.53. 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 has a 52-week low of $20.50 and a 52-week high of $34.15. The company has a fifty day moving average of $31.32 and a 200-day moving average of $29.75.

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

Wall Street Analyst Weigh In

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

About Regional Management

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.