The RMR Group Inc. (RMR) to Issue Quarterly Dividend of $0.45 on February 20th

The RMR Group Inc. (NASDAQ:RMR) announced a quarterly dividend on Thursday, January 16th,RTT News reports. Shareholders of record on Monday, January 27th will be given a dividend of 0.45 per share by the financial services provider on Thursday, February 20th. This represents a $1.80 annualized dividend and a dividend yield of 9.11%. The ex-dividend date is Monday, January 27th.

The RMR Group has raised its dividend by an average of 4.8% per year over the last three years. The RMR Group has a dividend 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. Equities 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

Shares of RMR opened at $19.76 on Friday. The RMR Group has a 12 month low of $19.08 and a 12 month high of $26.82. The stock has a fifty day moving average price of $21.24 and a 200-day moving average price of $23.52. 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 firm has a market cap of $629.36 million, a PE ratio of 14.53 and a beta of 1.24.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Monday, November 11th. The financial services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.04). The company had revenue of $212.30 million during the quarter, compared to analysts’ expectations of $220.15 million. The RMR Group had a net margin of 2.57% and a return on equity of 6.40%. During the same period in the previous year, the business earned $0.48 earnings per share. Equities research analysts predict that The RMR Group will post 1.62 earnings per share for the current fiscal year.

About The RMR Group

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.