Rentokil Initial plc (LON:RTO) to Issue Dividend of GBX 5.93

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 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

Shares of RTO stock opened at GBX 356.60 ($4.61) on Tuesday. The firm’s 50-day moving average is GBX 377.33 and its two-hundred day moving average is GBX 390.77. Rentokil Initial has a 12 month low of GBX 315.30 ($4.07) and a 12 month high of GBX 517.60 ($6.69). The company has a debt-to-equity ratio of 113.35, a current ratio of 1.04 and a quick ratio of 1.76. The company has a market capitalization of £8.93 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 0.56 and a beta of 0.55.

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 net margin of 7.25% and a return on equity of 9.50%. Analysts predict that Rentokil Initial will post 25.8725561 earnings per share for the current year.

Insider Transactions at Rentokil Initial

In other Rentokil Initial news, insider Andy M. Ransom sold 453,914 shares of the business’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 transaction of £1,615,933.84 ($2,087,769.82). Company insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on RTO shares. JPMorgan Chase & Co. decreased their price target on Rentokil Initial from GBX 440 ($5.68) to GBX 430 ($5.56) and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of 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.

Rentokil Initial Company Profile

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.