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

Rentokil Initial plc (LON:RTO) declared 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 Stock Up 2.8 %

Shares of LON RTO opened at GBX 357.20 ($4.61) on Tuesday. The stock has a market capitalization of £8.95 billion, a PE ratio of 22.91, a P/E/G ratio of 0.56 and a beta of 0.55. The company has a quick ratio of 1.76, a current ratio of 1.04 and a debt-to-equity ratio of 113.35. The firm has a fifty day moving average of GBX 377.33 and a 200-day moving average of 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).

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

Insiders Place Their Bets

In other news, insider Andy M. Ransom sold 453,914 shares of the firm’s 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 transaction of £1,615,933.84 ($2,087,769.82). 0.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

RTO has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price target on Rentokil Initial from GBX 440 ($5.68) to GBX 430 ($5.56) and set a “neutral” rating for the company in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered their target price on 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.

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.