The RMR Group Inc. (RMR) To Go Ex-Dividend on October 28th

The RMR Group Inc. (NASDAQ:RMR) declared a quarterly dividend on Wednesday, October 16th, Zacks reports. Investors of record on Monday, October 28th will be paid a dividend of 0.45 per share by the financial services provider on Thursday, November 14th. This represents a $1.80 annualized dividend and a dividend yield of 7.05%. The ex-dividend date of this dividend is Monday, October 28th.

The RMR Group has increased its dividend payment by an average of 1.7% per year over the last three years. The RMR Group has a dividend payout ratio of 126.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect The RMR Group to earn $1.53 per share next year, which means the company may not be able to cover its $1.80 annual dividend with an expected future payout ratio of 117.6%.

The RMR Group Price Performance

Shares of The RMR Group stock opened at $25.53 on Friday. The RMR Group has a 1 year low of $21.60 and a 1 year high of $28.82. The company has a market capitalization of $810.07 million, a P/E ratio of 17.02 and a beta of 1.26. The business has a 50 day moving average price of $24.96 and a 200 day moving average price of $24.14.

The RMR Group (NASDAQ:RMR) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The RMR Group had a return on equity of 6.95% and a net margin of 2.80%. The company had revenue of $205.48 million for the quarter, compared to analyst estimates of $227.68 million. During the same quarter in the prior year, the firm earned $0.48 earnings per share. As a group, research analysts expect that The RMR Group will post 1.64 EPS for the current fiscal year.

The RMR Group Company Profile

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust.