Rentokil Initial plc (LON:RTO) Increases Dividend to GBX 5.93 Per Share

Rentokil Initial plc (LON:RTO - Get Free Report) announced a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 3rd will be given a dividend of GBX 5.93 ($0.08) per share on Wednesday, May 14th. This represents a dividend yield of 1.78%. The ex-dividend date is Thursday, April 3rd. This is a 87.7% increase from Rentokil Initial's previous dividend of $3.16. The official announcement can be seen at this link.

Rentokil Initial Stock Performance

LON:RTO traded down GBX 7.52 ($0.10) during midday trading on Friday, reaching GBX 335.18 ($4.32). The stock had a trading volume of 7,333,366 shares, compared to its average volume of 15,271,618. The stock has a market cap of £8.40 billion, a P/E ratio of 21.50, a P/E/G ratio of 0.56 and a beta of 0.55. The company has a quick ratio of 1.76, a current ratio of 1.04 and a debt-to-equity ratio of 113.35. Rentokil Initial has a 12-month low of GBX 315.30 ($4.07) and a 12-month high of GBX 517.60 ($6.68). The firm has a fifty day simple moving average of GBX 374.73 and a two-hundred day simple moving average of GBX 388.35.

Rentokil Initial (LON:RTO - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported GBX 21.25 ($0.27) earnings per share (EPS) for the quarter. Rentokil Initial had a net margin of 7.25% and a return on equity of 9.50%. On average, equities analysts expect that Rentokil Initial will post 25.8725561 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their target price on Rentokil Initial from GBX 485 ($6.26) to GBX 465 ($6.00) and set a "buy" rating for the company in a research note on Friday, March 7th. JPMorgan Chase & Co. lowered their price target on shares of Rentokil Initial from GBX 440 ($5.68) to GBX 430 ($5.55) and set a "neutral" rating on the stock in a research note on Tuesday, January 14th.

Insider Buying and Selling

In related news, insider Andy M. Ransom sold 453,914 shares of Rentokil Initial stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of GBX 356 ($4.59), for a total transaction of £1,615,933.84 ($2,084,537.98). Insiders own 0.32% of the company's stock.

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.