Rentokil Initial plc (NYSE:RTO – Get Free Report) declared a semi-annual dividend on Thursday, July 25th, Wall Street Journal reports. Stockholders of record on Friday, August 9th will be paid a dividend of 0.2034 per share on Tuesday, September 17th. This represents a dividend yield of 1.7%. The ex-dividend date is Friday, August 9th.
Rentokil Initial has a payout ratio of 44.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Rentokil Initial to earn $1.70 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 44.1%.
Rentokil Initial Stock Performance
Rentokil Initial stock opened at $30.75 on Friday. The stock’s fifty day moving average price is $29.02 and its two-hundred day moving average price is $28.16. Rentokil Initial has a one year low of $23.39 and a one year high of $41.55.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on RTO
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.
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