Ex-Div Reminder For Resources Connection (RECN)

Looking at the universe of stocks we cover at Dividend Channel, on 11/19/13, Resources Connection Inc ( RECN) will trade ex-dividend, for its quarterly dividend of $0.07, payable on 12/19/13. As a percentage of RECN's recent stock price of $12.99, this dividend works out to approximately 0.54%, so look for shares of Resources Connection Inc to trade 0.54% lower — all else being equal — when RECN shares open for trading on 11/19/13.

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Below is a dividend history chart for RECN, showing historical dividends prior to the most recent $0.07 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 2.16% 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 $13.93 as the 52 week high point — that compares with a last trade of $13.05.

In Friday trading, Resources Connection Inc shares are currently off about 0.1% on the day.
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