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

Regional Management Corp. (NYSE:RM - Get Free Report) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Investors of record on Thursday, February 20th will be paid a dividend of 0.30 per share by the credit services provider on Thursday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Thursday, February 20th.

Regional Management has raised its dividend by an average of 8.1% per year over the last three years. Regional Management has a dividend payout ratio of 16.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Regional Management to earn $6.77 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 17.7%.

Regional Management Stock Up 2.2 %

RM stock traded up $0.79 during mid-day trading on Monday, hitting $36.28. 78,054 shares of the company were exchanged, compared to its average volume of 56,183. The firm has a market cap of $368.55 million, a P/E ratio of 8.72 and a beta of 1.49. Regional Management has a 1-year low of $20.50 and a 1-year high of $37.52. 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 firm's 50 day simple moving average is $34.37 and its 200 day simple moving average is $32.24.

Regional Management (NYSE:RM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The credit services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.88 by $0.10. Regional Management had a net margin of 7.01% and a return on equity of 13.20%. On average, sell-side analysts predict that Regional Management will post 5.29 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Catherine R. Atwood sold 1,128 shares of the business's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $33.00, for a total transaction of $37,224.00. Following the transaction, the senior vice president now directly owns 42,025 shares in the company, valued at approximately $1,386,825. The trade was a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Fund L.P. Forager sold 21,805 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $32.17, for a total transaction of $701,466.85. Following the completion of the sale, the insider now owns 1,021,216 shares of the company's stock, valued at approximately $32,852,518.72. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,973 shares of company stock valued at $2,656,230 in the last three months. 10.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Stephens began coverage on Regional Management in a research report on Wednesday, November 13th. They issued an "overweight" rating and a $38.00 target price on the stock.

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.