Rentokil Initial PLC (RTO) To Go Ex-Dividend on August 14th

Rentokil Initial PLC (NYSE:RTO) declared a dividend on Thursday, July 30th. Stockholders of record on Friday, August 14th will be given a dividend of 0.224 per share on Tuesday, September 22nd. This represents a dividend yield of 192.0%. The ex-dividend date is Friday, August 14th.

Rentokil Initial has increased its dividend by an average of 0.2%annually over the last three years. Rentokil Initial has a dividend payout ratio of 48.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Rentokil Initial to earn $1.22 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 59.0%.

Rentokil Initial Stock Down 3.7%

Shares of NYSE:RTO opened at $23.36 on Friday. The stock has a 50 day moving average of $29.45 and a 200 day moving average of $31.21. Rentokil Initial has a 12-month low of $23.25 and a 12-month high of $34.67. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.76.

Analyst Ratings Changes

Several equities analysts have weighed in on RTO shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rentokil Initial in a report on Wednesday, June 24th. Wall Street Zen downgraded shares of Rentokil Initial from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. The Goldman Sachs Group upgraded shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a research note on Monday, July 6th. BNP Paribas Exane downgraded shares of Rentokil Initial from an “outperform” rating to a “neutral” rating and set a $26.70 target price for the company. in a report on Friday. Finally, Zacks Research lowered Rentokil Initial from a “hold” rating to a “strong sell” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $31.90.

About Rentokil Initial

Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.

Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.