Resources Connection, Inc. announced that its Board of Directors has approved a cash dividend of $0.07 per share. This represents a 50% reduction from the previous quarterly dividend of $0.14 per share.
The reduced dividend is payable on July 21, 2025, to all stockholders of record as of June 23, 2025. This change reflects a strategic adjustment in the company's capital allocation approach.
Chief Financial Officer Jennifer Ryu stated that the intention is to provide shareholders with a meaningful, sustainable dividend while maintaining substantial liquidity and funding future growth. The reduction frees up more than $9 million annually to support other capital allocation needs, including opportunistic share repurchases, given the current high-interest rate environment and ongoing macroeconomic uncertainty.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.