Rentokil Initial plc (LON:RTO) Announces 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 of this dividend 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 Price Performance

Shares of LON RTO opened at GBX 357.50 ($4.62) on Tuesday. The company has a market capitalization of £8.95 billion, a PE ratio of 22.93, a PEG 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 stock’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 twelve month low of GBX 315.30 ($4.07) and a twelve month high of GBX 517.60 ($6.69).

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

Insider Activity at Rentokil Initial

In related news, insider Andy M. Ransom sold 453,914 shares of the company’s stock in a transaction on Wednesday, March 26th. The stock was 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 company insiders.

Analyst Upgrades and Downgrades

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