Rentokil Initial plc (RTO) to Issue Dividend of GBX 5.93 on May 14th

Rentokil Initial plc (LON:RTO) announced a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Investors 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 of this dividend 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 Price Performance

RTO stock opened at GBX 358.20 ($4.63) on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.76 and a debt-to-equity ratio of 113.35. The firm’s 50-day moving average price is GBX 377.33 and its two-hundred day moving average price is GBX 390.77. The stock has a market capitalization of £8.97 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 0.56 and a beta of 0.55. Rentokil Initial has a 12-month low of GBX 315.30 ($4.07) and a 12-month high of GBX 517.60 ($6.69).

Rentokil Initial (LON:RTO) last released its quarterly 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%. As a group, equities analysts predict that Rentokil Initial will post 25.8725561 earnings per share for the current year.

Insiders Place Their Bets

In other Rentokil Initial news, insider Andy M. Ransom sold 453,914 shares of the company’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of GBX 356 ($4.60), for a total value of £1,615,933.84 ($2,087,769.82). 0.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on Rentokil Initial from GBX 440 ($5.68) to GBX 430 ($5.56) and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Rentokil Initial from GBX 485 ($6.27) to GBX 465 ($6.01) and set a “buy” rating for the company in a research report on Friday, March 7th.

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.