Reminder - Resources Connection (RECN) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 5/14/13, Resources Connection Inc ( RECN) will trade ex-dividend, for its quarterly dividend of $0.06, payable on 6/13/13. As a percentage of RECN's recent stock price of $11.28, this dividend works out to approximately 0.53%, so look for shares of Resources Connection Inc to trade 0.53% lower — all else being equal — when RECN shares open for trading on 5/14/13.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

Below is a dividend history chart for RECN, showing historical dividends prior to the most recent $0.06 declared by Resources Connection Inc:

RECN+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from RECN is likely to continue, and whether the current estimated yield of 2.13% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of RECN shares, versus its 200 day moving average:

Resources Connection Inc 200 Day Moving Average Chart

Looking at the chart above, RECN's low point in its 52 week range is $10.58 per share, with $13.68 as the 52 week high point — that compares with a last trade of $11.28.

In Friday trading, Resources Connection Inc shares are currently up about 0.5% on the day.
null