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) announced 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 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. Equities research 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 Price Performance

RTO stock traded up $0.20 during mid-day trading on Friday, hitting $25.27. The company had a trading volume of 753,089 shares, compared to its average volume of 800,054. The company has a 50-day moving average price of $23.81 and a 200 day moving average price of $23.63. Rentokil Initial has a 12-month low of $19.60 and a 12-month high of $34.07. The company has a market capitalization of $12.77 billion, a price-to-earnings ratio of 16.74, a P/E/G ratio of 4.14 and a beta of 0.92. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.59.

Rentokil Initial Company Profile

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.