The RMR Group Inc. Plans Quarterly Dividend of $0.45 (NASDAQ:RMR)

The RMR Group Inc. (NASDAQ:RMR) announced a quarterly dividend on Thursday, January 16th,RTT News reports. Investors of record on Monday, January 27th will be paid a dividend of 0.45 per share by the financial services provider on Thursday, February 20th. This represents a $1.80 dividend on an annualized basis and a yield of 9.13%.

The RMR Group has increased its dividend by an average of 4.8% annually over the last three years. The RMR Group has a payout ratio of 101.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect The RMR Group to earn $1.64 per share next year, which means the company may not be able to cover its $1.80 annual dividend with an expected future payout ratio of 109.8%.

The RMR Group Stock Performance

NASDAQ RMR opened at $19.72 on Friday. The stock has a market capitalization of $628.08 million, a price-to-earnings ratio of 14.50 and a beta of 1.24. The business’s 50 day moving average is $21.33 and its two-hundred day moving average is $23.54. The RMR Group has a 12-month low of $19.08 and a 12-month high of $26.82. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10.

The RMR Group (NASDAQ:RMR) last released its earnings results on Monday, November 11th. The financial services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). The RMR Group had a net margin of 2.57% and a return on equity of 6.40%. The business had revenue of $212.30 million during the quarter, compared to analyst estimates of $220.15 million. During the same period last year, the business posted $0.48 EPS. Research analysts expect that The RMR Group will post 1.62 EPS for the current year.

The RMR Group Company Profile

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust.