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

Rentokil Initial plc (NYSE:RTO) declared a dividend on Thursday, March 6th, NASDAQ Dividends reports. Shareholders of record on Friday, April 4th will be paid 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 payment by an average of 3.1% annually over the last three years. Rentokil Initial has a payout ratio of 27.2% meaning 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 Price Performance

Shares of NYSE:RTO traded up $0.35 on Friday, reaching $23.00. The company’s stock had a trading volume of 2,288,040 shares, compared to its average volume of 659,230. Rentokil Initial has a 52-week low of $22.17 and a 52-week high of $34.07. The company has a market cap of $11.61 billion, a P/E ratio of 15.23, a PEG ratio of 7.95 and a beta of 1.14. The company has a 50-day simple moving average of $24.86 and a 200 day simple moving average of $25.87. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04.

Analysts Set New Price Targets

Separately, Citigroup raised shares of Rentokil Initial to a “strong-buy” rating in a research note on Friday, December 13th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. 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.