Rentokil Initial plc to Issue Dividend of $0.38 (NYSE:RTO)

Rentokil Initial plc (NYSE:RTO) announced a dividend on Thursday, March 6th, NASDAQ Dividends reports. Shareholders of record on Friday, April 4th will be given a dividend of 0.3825 per share on Thursday, May 15th. The ex-dividend date 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 payout ratio of 27.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Rentokil Initial to earn $1.41 per share next year, which means the company should continue to be able to cover its $0.41 annual dividend with an expected future payout ratio of 29.1%.

Rentokil Initial Stock Up 1.5 %

Shares of NYSE:RTO traded up $0.35 during midday trading on Friday, hitting $23.00. 2,288,040 shares of the company’s stock traded hands, compared to its average volume of 659,230. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. The company has a market cap of $11.61 billion, a PE ratio of 15.23, a P/E/G ratio of 7.95 and a beta of 1.14. The firm’s fifty day moving average price is $24.86 and its two-hundred day moving average price is $25.87. Rentokil Initial has a twelve month low of $22.17 and a twelve month high of $34.07.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded shares of Rentokil Initial to a “strong-buy” rating in a report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

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.