RCS Capital Corp (RCAP) Announces Quarterly Dividend of $0.18
RCS Capital Corp (NASDAQ:RCAP) announced a quarterly dividend on Wednesday, September 18th, StockRatingsNetwork.com reports. Shareholders of record on Monday, September 30th will be paid a dividend of $0.18 per share on Wednesday, October 9th. This represents a $0.72 annualized dividend and a dividend yield of 4.50%.
On a related note, analysts at JMP Securities raised their price target on shares of RCS Capital Corp (NASDAQ:RCAP) from $22.00 to $24.00 in a research note to investors on Thursday, August 1st. They now have a “market outperform” rating on the stock.
Shares of RCS Capital Corp (NASDAQ:RCAP) traded up 2.56% during mid-day trading on Wednesday, hitting $16.04. 17,971 shares of the company’s stock traded hands. RCS Capital Corp has a 52-week low of $14.86 and a 52-week high of $19.78. The stock’s 50-day moving average is $15.76 and its 200-day moving average is $16.46. The company has a market cap of $40.1 million and a P/E ratio of 5.13.
RCS Capital Corp (NASDAQ:RCAP) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.60 earnings per share (EPS) for the quarter. On average, analysts predict that RCS Capital Corp will post $2.36 earnings per share for the current fiscal year.
RCS Capital Corporation is a holding company. The Company is engaged in the business of wholesale broker-dealer, investment banking and capital markets business, a transaction management services provider and a transfer agent.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.