Rentokil Initial plc (LON:RTO) Increases Dividend to GBX 5.93 Per Share

Rentokil Initial plc (LON:RTOGet Free Report) declared a dividend on Thursday, March 7th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 4th will be given a dividend of GBX 5.93 ($0.07) per share on Wednesday, May 15th. This represents a yield of 1.38%. The ex-dividend date is Thursday, April 4th. This is an increase from Rentokil Initial’s previous dividend of $2.75. The official announcement can be viewed at this link.

Rentokil Initial Trading Down 0.8 %

LON:RTO opened at GBX 467.40 ($5.87) on Wednesday. Rentokil Initial has a 12-month low of GBX 387.80 ($4.87) and a 12-month high of GBX 663.80 ($8.33). The firm has a market capitalization of £11.78 billion, a P/E ratio of 3,140.00, a P/E/G ratio of 0.79 and a beta of 0.54. The company has a debt-to-equity ratio of 116.93, a current ratio of 1.05 and a quick ratio of 1.76. The business has a 50 day simple moving average of GBX 438.48 and a 200 day simple moving average of GBX 462.02.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada boosted their price objective on Rentokil Initial from GBX 575 ($7.22) to GBX 590 ($7.41) and gave the company an “outperform” rating in a research report on Tuesday, March 12th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 666.67 ($8.37).

Read Our Latest Stock Analysis on Rentokil Initial

Insider Buying and Selling at Rentokil Initial

In other Rentokil Initial news, insider Andy M. Ransom sold 464,245 shares of Rentokil Initial stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of GBX 489 ($6.14), for a total transaction of £2,270,158.05 ($2,849,809.25). 1.10% of the stock is owned by company insiders.

Rentokil Initial Company Profile

(Get Free Report)

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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Dividend History for Rentokil Initial (LON:RTO)

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