Rightmove plc (RMV) to Issue Dividend of GBX 6.10 on May 23rd

Rightmove plc (LON:RMV) declared a dividend on Friday, February 28th, DividendData.Co.Uk reports. Investors of record on Thursday, April 24th will be paid a dividend of GBX 6.10 ($0.08) per share on Friday, May 23rd. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, April 24th. This is a 64.9% increase from Rightmove’s previous dividend of $3.70. The official announcement can be viewed at this link.

Rightmove Price Performance

Shares of LON:RMV opened at GBX 744 ($9.96) on Tuesday. The company has a market cap of £5.80 billion, a P/E ratio of 29.84, a P/E/G ratio of 2.58 and a beta of 1.05. The business has a fifty day simple moving average of GBX 685.15 and a 200-day simple moving average of GBX 655.91. Rightmove has a 52 week low of GBX 499.20 ($6.68) and a 52 week high of GBX 748.60 ($10.02). 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) last posted its quarterly earnings results on Friday, February 28th. The company reported GBX 12.80 ($0.17) EPS for the quarter. Rightmove had a return on equity of 293.54% and a net margin of 52.69%. Equities research analysts forecast that Rightmove will post 30.2327791 EPS for the current year.

Wall Street Analyst Weigh In

RMV has been the subject of a number of research analyst reports. JPMorgan Chase & Co. restated an “underweight” rating on shares of Rightmove in a report on Wednesday, March 12th. Royal Bank of Canada raised their price objective 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.

About Rightmove

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.