Rentokil Initial plc (NYSE:RTO – Get Free Report) declared a semi-annual dividend on Friday, July 26th, Wall Street Journal reports. Investors of record on Friday, August 9th will be paid a dividend of 0.2034 per share on Tuesday, September 17th. This represents a yield of 1.7%. The ex-dividend date of this dividend is Friday, August 9th.
Rentokil Initial has a dividend payout ratio of 44.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Rentokil Initial to earn $1.70 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 44.1%.
Rentokil Initial Price Performance
NYSE:RTO traded up $0.24 on Friday, reaching $30.75. 631,442 shares of the company’s stock traded hands, compared to its average volume of 654,457. The stock has a 50-day simple moving average of $28.95 and a 200-day simple moving average of $28.13. Rentokil Initial has a 12 month low of $23.39 and a 12 month high of $41.55.
Wall Street Analyst Weigh In
Read Our Latest Analysis on Rentokil Initial
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.
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