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

Looking at the universe of stocks we cover at Dividend Channel, on 11/15/16, Resources Connection Inc (RECN) will trade ex-dividend, for its quarterly dividend of $0.11, payable on 12/15/16. As a percentage of RECN's recent stock price of $15.40, this dividend works out to approximately 0.71%, so look for shares of Resources Connection Inc to trade 0.71% lower — all else being equal — when RECN shares open for trading on 11/15/16.

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Below is a dividend history chart for RECN, showing historical dividends prior to the most recent $0.11 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 2.86% 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 $12.30 per share, with $18.71 as the 52 week high point — that compares with a last trade of $15.51.

In Friday trading, Resources Connection Inc shares are currently off about 0.7% on the day.

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