Resources Connection Stock To Go Ex-dividend Tomorrow (RECN)

NEW YORK ( TheStreet) -- The ex-dividend date for Resources Connection (Nasdaq: RECN) is tomorrow, May 22, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $11.80 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for Resources Connection has been 202,000 shares per day over the past 30 days. Resources Connection has a market cap of $497.2 million and is part of the services sector and diversified services industry. Shares are up 10.7% year to date as of the close of trading on Friday.

Resources Connection, Inc. The company has a P/E ratio of 13.9, above the average diversified services industry P/E ratio of 13.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Resources Connection as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, revenue growth and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Resources Connection Ratings Report.

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