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

Rentokil Initial plc (LON:RTOGet Free Report) declared a dividend on Thursday, March 7th, Upcoming.Co.Uk reports. Investors of record on Thursday, April 4th will be given a dividend of GBX 5.93 ($0.07) per share on Wednesday, May 15th. This represents a yield of 1.38%. The ex-dividend date is Thursday, April 4th. This is an increase from Rentokil Initial’s previous dividend of $2.75. The official announcement can be viewed at this link.

Rentokil Initial Price Performance

Shares of LON RTO opened at GBX 470.70 ($5.91) on Tuesday. The stock has a fifty day moving average of GBX 437.11 and a 200-day moving average of GBX 462.95. The stock has a market cap of £11.86 billion, a PE ratio of 3,144.67, a price-to-earnings-growth ratio of 0.79 and a beta of 0.54. The company has a debt-to-equity ratio of 116.93, a quick ratio of 1.76 and a current ratio of 1.05. Rentokil Initial has a fifty-two week low of GBX 387.80 ($4.87) and a fifty-two week high of GBX 663.80 ($8.33).

Insider Buying and Selling at Rentokil Initial

In other news, insider Andy M. Ransom sold 464,245 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of GBX 489 ($6.14), for a total transaction of £2,270,158.05 ($2,849,809.25). Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada boosted their price objective on shares of Rentokil Initial from GBX 575 ($7.22) to GBX 590 ($7.41) and gave the company an “outperform” rating in a research note on Tuesday, March 12th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Rentokil Initial currently has a consensus rating of “Moderate Buy” and an average target price of GBX 666.67 ($8.37).

Read Our Latest Report on RTO

Rentokil Initial Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Rentokil Initial (LON:RTO)

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