RCS Capital Corp Announces Quarterly Dividend of $0.18 (RCAP)
RCS Capital Corp (NASDAQ:RCAP) announced a quarterly dividend on Wednesday, June 18th, Analyst RN reports. Investors of record on Monday, June 30th will be paid a dividend of 0.18 per share on Thursday, July 10th. This represents a $0.72 annualized dividend and a dividend yield of 3.50%.
Several analysts have recently commented on the stock. Analysts at JMP Securities cut their price target on shares of RCS Capital Corp from $37.00 to $31.00 in a research note on Friday, June 6th.
Shares of RCS Capital Corp (NASDAQ:RCAP) traded up 0.19% on Wednesday, hitting $20.59. The stock had a trading volume of 721,149 shares. RCS Capital Corp has a one year low of $14.86 and a one year high of $39.98. The stock has a 50-day moving average of $28.63 and a 200-day moving average of $25.80. The company has a market cap of $1.034 billion and a price-to-earnings ratio of 19.67.
RCS Capital Corp (NASDAQ:RCAP) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.22. Analysts expect that RCS Capital Corp will post $1.75 EPS 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.
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