Rightmove plc (LON:RMV) Declares Dividend Increase - 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 given 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 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 Stock Performance

Shares of RMV stock opened at GBX 740.60 ($9.91) on Tuesday. The firm has a market cap of £5.77 billion, a PE ratio of 29.70, a P/E/G ratio of 2.58 and a beta of 1.05. Rightmove has a 12 month low of GBX 499.20 ($6.68) and a 12 month high of GBX 748.60 ($10.02). The company's fifty day simple moving average is GBX 685.15 and its 200-day simple moving average is GBX 655.91. The company has a quick ratio of 2.55, a current ratio of 1.83 and a debt-to-equity ratio of 10.15.

Rightmove (LON:RMV - Get Free Report) last announced its quarterly earnings data 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%. Equities research analysts expect that Rightmove will post 30.2327791 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RMV. JPMorgan Chase & Co. restated an "underweight" rating on shares of Rightmove in a report on Wednesday, March 12th. Royal Bank of Canada lifted their price target on Rightmove from GBX 630 ($8.43) to GBX 750 ($10.04) and gave the stock a "sector perform" rating in a 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.