Rentokil Initial plc (NYSE:RTO) Plans $0.38 Dividend

Rentokil Initial plc (NYSE:RTO) declared a dividend on Thursday, March 6th, NASDAQ Dividends reports. Investors of record on Friday, April 4th will be given a dividend of 0.3825 per share on Thursday, May 15th. The ex-dividend date of this dividend is Friday, April 4th.

Rentokil Initial has raised its dividend payment by an average of 3.1% per year over the last three years. Rentokil Initial has a payout ratio of 27.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Rentokil Initial to earn $1.41 per share next year, which means the company should continue to be able to cover its $0.41 annual dividend with an expected future payout ratio of 29.1%.

Rentokil Initial Price Performance

NYSE:RTO traded up $0.35 during trading hours on Friday, hitting $23.00. 2,288,040 shares of the stock were exchanged, compared to its average volume of 659,230. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. The firm’s fifty day moving average price is $24.86 and its 200 day moving average price is $25.87. The company has a market cap of $11.61 billion, a P/E ratio of 15.23, a P/E/G ratio of 7.95 and a beta of 1.14. Rentokil Initial has a 52-week low of $22.17 and a 52-week high of $34.07.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded Rentokil Initial to a “strong-buy” rating in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

About Rentokil Initial

Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, the United Kingdom, rest of Europe, Asia, the Pacific, and internationally. It offers a range of pest control services for rodents, and flying and crawling insects, as well as other forms of wildlife management for commercial customers.