The RMR Group Inc. Announces Quarterly Dividend of $0.45 (NASDAQ:RMR)

Key Points

• The RMR Group Inc. has declared a quarterly dividend of $0.45 per share, with a dividend yield of 12.1%, payable on November 13th to shareholders of record by October 27th.
• The company has a payout ratio of 123.3%, indicating it is currently relying on its balance sheet rather than earnings to cover dividend payments.
• For the last quarter, The RMR Group reported earnings of $0.28 per share, meeting analysts' expectations, but its revenue of $154.73 million fell short of projections of $201.80 million.

The RMR Group Inc. (NASDAQ:RMR - Get Free Report) declared a quarterly dividend on Thursday, October 9th, RTT News reports. Shareholders of record on Monday, October 27th will be given a dividend of 0.45 per share by the financial services provider on Thursday, November 13th. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%.

The RMR Group has a payout ratio of 123.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect The RMR Group to earn $1.32 per share next year, which means the company may not be able to cover its $1.80 annual dividend with an expected future payout ratio of 136.4%.

The RMR Group Price Performance

Shares of The RMR Group stock opened at $14.88 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.11. The RMR Group has a 52 week low of $13.48 and a 52 week high of $26.06. The company has a market cap of $474.07 million, a PE ratio of 12.71 and a beta of 1.19. The business has a 50 day moving average of $16.37 and a 200 day moving average of $16.02.

The RMR Group (NASDAQ:RMR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The RMR Group had a return on equity of 5.01% and a net margin of 2.56%.The company had revenue of $154.73 million for the quarter, compared to analyst estimates of $201.80 million. As a group, equities research analysts forecast that The RMR Group will post 1.51 earnings per share for the current year.

The RMR Group Company Profile

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust.

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