Rentokil Initial plc (LON:RTO) Plans Dividend Increase – GBX 5.93 Per Share

Rentokil Initial plc (LON:RTO) announced a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Shareholders 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 Trading Up 3.0 %

Shares of LON RTO opened at GBX 358.20 ($4.63) on Tuesday. The firm’s 50 day moving average price is GBX 377.33 and its 200-day moving average price is GBX 390.77. Rentokil Initial has a 52-week low of GBX 315.30 ($4.07) and a 52-week high of GBX 517.60 ($6.69). The company has a debt-to-equity ratio of 113.35, a quick ratio of 1.76 and a current ratio of 1.04. The company has a market cap of £8.97 billion, a PE ratio of 22.98, a P/E/G ratio of 0.56 and a beta of 0.55.

Rentokil Initial (LON:RTO) last issued its earnings results on Thursday, March 6th. The company reported GBX 21.25 ($0.27) EPS for the quarter. Rentokil Initial had a return on equity of 9.50% and a net margin of 7.25%. On average, equities research analysts expect that Rentokil Initial will post 25.8725561 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. decreased their target price on Rentokil Initial from GBX 440 ($5.68) to GBX 430 ($5.56) and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Rentokil Initial from GBX 485 ($6.27) to GBX 465 ($6.01) and set a “buy” rating for the company in a research note on Friday, March 7th.

Insider Buying and Selling at Rentokil Initial

In related news, insider Andy M. Ransom sold 453,914 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of GBX 356 ($4.60), for a total value of £1,615,933.84 ($2,087,769.82). 0.32% of the stock is owned by corporate insiders.

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.