Rentokil Initial PLC Plans Dividend of $0.22 (NYSE:RTO)

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

Rentokil Initial has increased its dividend payment by an average of 0.2%annually over the last three years. Rentokil Initial has a payout ratio of 48.3% indicating that its dividend is sufficiently covered by earnings. 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 Stock Down 3.6%

RTO traded down $0.87 during trading hours on Friday, hitting $23.38. 2,867,636 shares of the company’s stock were exchanged, compared to its average volume of 1,250,270. Rentokil Initial has a 1-year low of $23.25 and a 1-year high of $34.67. The stock’s 50-day moving average is $29.61 and its two-hundred day moving average is $31.27. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.07 and a current ratio of 1.16.

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.