Rentokil Initial PLC (NYSE:RTO) Declares $0.22 Dividend

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

Rentokil Initial has raised its dividend payment by an average of 0.2%per year over the last three years. Rentokil Initial has a payout ratio of 48.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Rentokil Initial to earn $1.29 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 55.8%.

Rentokil Initial Trading Down 3.7%

Shares of RTO stock traded down $0.90 on Friday, reaching $23.36. 2,781,467 shares of the stock were exchanged, compared to its average volume of 1,248,944. Rentokil Initial has a twelve month low of $23.25 and a twelve month high of $34.67. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.07 and a current ratio of 1.16. The business’s 50 day moving average price is $29.61 and its 200 day moving average price is $31.27.

Rentokil Initial Company Profile

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.