Rentokil Initial plc (LON:RTO) Plans Dividend Increase – GBX 5.93 Per Share

Rentokil Initial plc (LON:RTO) declared a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 3rd will be given a dividend of GBX 5.93 ($0.08) per share on Wednesday, May 14th. This represents a yield of 1.78%. The ex-dividend date is Thursday, April 3rd. This is a 87.7% increase from Rentokil Initial’s previous dividend of $3.16. The official announcement can be seen at this link.

Rentokil Initial Stock Up 2.8 %

Shares of LON RTO opened at GBX 357.20 ($4.61) on Tuesday. The company has a quick ratio of 1.76, a current ratio of 1.04 and a debt-to-equity ratio of 113.35. The firm has a 50-day moving average price of GBX 377.33 and a 200 day moving average price of GBX 390.77. Rentokil Initial has a 52 week low of GBX 315.30 ($4.07) and a 52 week high of GBX 517.60 ($6.69). The stock has a market capitalization of £8.95 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 0.56 and a beta of 0.55.

Rentokil Initial (LON:RTO) last posted its earnings results on Thursday, March 6th. The company reported GBX 21.25 ($0.27) EPS for the quarter. Rentokil Initial had a return on equity of 9.50% and a net margin of 7.25%. Equities research analysts anticipate that Rentokil Initial will post 25.8725561 EPS for the current fiscal year.

Insider Transactions at Rentokil Initial

In related news, insider Andy M. Ransom sold 453,914 shares of the company’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of GBX 356 ($4.60), for a total value of £1,615,933.84 ($2,087,769.82). Insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

RTO has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Rentokil Initial from GBX 485 ($6.27) to GBX 465 ($6.01) and set a “buy” rating on the stock in a research report on Friday, March 7th. JPMorgan Chase & Co. reduced their target price on shares of Rentokil Initial from GBX 440 ($5.68) to GBX 430 ($5.56) and set a “neutral” rating on the stock in a report on Tuesday, January 14th.

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.