Rentokil Initial plc (RTO) to Issue Semi-annual Dividend of $0.38 on May 15th

Rentokil Initial plc (NYSE:RTO) announced a semi-annual dividend on Thursday, March 6th, NASDAQ Dividends reports. Investors of record on Friday, April 4th will be given a dividend of 0.3825 per share on Thursday, May 15th. This represents a yield of 2.4%. The ex-dividend date of this dividend is Friday, April 4th.

Rentokil Initial has increased its dividend by an average of 3.1% per year over the last three years. Rentokil Initial has a dividend payout ratio of 51.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Rentokil Initial to earn $1.41 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 53.9%.

Rentokil Initial Price Performance

RTO stock opened at $22.99 on Wednesday. The company has a market capitalization of $11.61 billion, a PE ratio of 15.22, a P/E/G ratio of 7.95 and a beta of 1.14. Rentokil Initial has a 12-month low of $20.60 and a 12-month high of $34.07. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. The business’s fifty day moving average price is $24.17 and its 200 day moving average price is $24.78.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RTO. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rentokil Initial in a research note on Friday, March 7th. Citigroup upgraded Rentokil Initial to a “strong-buy” rating in a research note on Friday, December 13th. Four analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

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.