Rightmove plc (LON:RMV) Raises Dividend to GBX 6.10 Per Share

Rightmove plc (LON:RMV - Get Free Report) declared a dividend on Friday, February 28th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 24th will be paid a dividend of GBX 6.10 ($0.08) per share on Friday, May 23rd. This represents a yield of 0.9%. The ex-dividend date of this dividend is Thursday, April 24th. This is a 64.9% increase from Rightmove's previous dividend of $3.70. The official announcement can be accessed at this link.

Rightmove Price Performance

Shares of Rightmove stock traded down GBX 15.63 ($0.21) during trading on Friday, hitting GBX 714.17 ($9.51). The stock had a trading volume of 3,426,210 shares, compared to its average volume of 8,823,425. The company has a current ratio of 1.83, a quick ratio of 2.55 and a debt-to-equity ratio of 10.15. Rightmove has a 12 month low of GBX 504.60 ($6.72) and a 12 month high of GBX 749 ($9.97). The firm has a market cap of £5.57 billion, a price-to-earnings ratio of 28.64, a P/E/G ratio of 2.58 and a beta of 1.05. The business's 50-day moving average is GBX 689.95 and its 200 day moving average is GBX 658.60.

Rightmove (LON:RMV - Get Free Report) last announced its earnings results on Friday, February 28th. The company reported GBX 12.80 ($0.17) earnings per share for the quarter. Rightmove had a return on equity of 293.54% and a net margin of 52.69%. As a group, sell-side analysts anticipate that Rightmove will post 30.2327791 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RMV. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Rightmove in a research note on Wednesday, March 12th. Royal Bank of Canada raised their price objective on shares of Rightmove from GBX 630 ($8.39) to GBX 750 ($9.99) and gave the company a "sector perform" rating in a research report on Monday, March 3rd.

Rightmove Company Profile

Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms.