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

Regional Management Corp. (NYSE:RM) declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Wednesday, August 19th will be paid 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 of this dividend is Wednesday, August 19th.

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

Regional Management Stock Down 0.8%

RM opened at $42.26 on Thursday. Regional Management has a one year low of $30.46 and a one year high of $46.00. The company has a debt-to-equity ratio of 4.30, a quick ratio of 59.88 and a current ratio of 59.88. The stock has a market capitalization of $389.19 million, a P/E ratio of 8.57 and a beta of 1.01. The business’s 50-day simple moving average is $39.25 and its 200-day simple moving average is $36.57.

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

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.