Rentokil Initial PLC (NYSE:RTO) Plans $0.27 Semi-annual Dividend

Key Points

• Rentokil Initial PLC has declared a semi-annual dividend of $0.27 per share, with an anticipated payment date of September 23rd for shareholders of record as of August 15th.
• The company maintains a healthy dividend payout ratio of 51.0%, suggesting earnings sufficiently cover the dividend, while expected earnings for next year are $1.41 per share.
• Renowned for its pest control services, Rentokil Initial has adjusted stock performance with a current market price of $23.31, slightly below its 50-day and 200-day moving averages.

Rentokil Initial PLC (NYSE:RTO - Get Free Report) declared a semi-annual dividend on Monday, August 4th, Wall Street Journal reports. Investors of record on Friday, August 15th will be paid a dividend of 0.2738 per share on Tuesday, September 23rd. This represents a dividend yield of 240.0%. The ex-dividend date is Friday, August 15th.

Rentokil Initial has a payout ratio of 51.0% indicating that 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 $0.76 annual dividend with an expected future payout ratio of 53.9%.

Rentokil Initial Stock Up 2.4%

Shares of RTO traded up $0.58 during trading hours on Wednesday, reaching $24.22. The stock had a trading volume of 720,364 shares, compared to its average volume of 799,464. Rentokil Initial has a 12 month low of $19.60 and a 12 month high of $34.07. The firm has a 50-day simple moving average of $23.77 and a 200 day simple moving average of $23.62. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $12.23 billion, a price-to-earnings ratio of 16.04 and a beta of 0.92.

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.