Rocket Companies, Inc. (RKT) to Issue Dividend of $0.80 on April 3rd

Rocket Companies, Inc. (NYSE:RKT) announced a dividend on Monday, March 10th, NASDAQ Dividends reports. Investors of record on Thursday, March 20th will be given a dividend of 0.80 per share on Thursday, April 3rd. The ex-dividend date of this dividend is Thursday, March 20th.

Rocket Companies Price Performance

Shares of RKT opened at $13.16 on Wednesday. The stock has a market capitalization of $26.26 billion, a P/E ratio of -82.22 and a beta of 2.39. Rocket Companies has a twelve month low of $10.06 and a twelve month high of $21.38. The company has a 50 day moving average of $12.49 and a 200-day moving average of $14.86. The company has a quick ratio of 15.47, a current ratio of 15.47 and a debt-to-equity ratio of 1.51.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wedbush reissued a “neutral” rating and set a $13.00 target price on shares of Rocket Companies in a report on Wednesday, March 5th. UBS Group raised Rocket Companies from a “sell” rating to a “neutral” rating and dropped their target price for the stock from $12.50 to $11.50 in a report on Friday, January 10th. Barclays decreased their price target on Rocket Companies from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 13th. Keefe, Bruyette & Woods lifted their target price on Rocket Companies from $10.50 to $12.00 and gave the company an “underperform” rating in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group reduced their price target on Rocket Companies from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.83.

About Rocket Companies

Rocket Companies, Inc, a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company’s solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business.