Rightmove plc (LON:RMV) Plans Dividend Increase – GBX 5.70 Per Share

Rightmove plc (LON:RMV) declared a dividend on Friday, March 1st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 25th will be paid a dividend of GBX 5.70 ($0.07) per share on Friday, May 24th. This represents a dividend yield of 1.01%. The ex-dividend date is Thursday, April 25th. This is a positive change from Rightmove’s previous dividend of $3.60. The official announcement can be accessed at this link.

Rightmove Stock Performance

Shares of RMV stock opened at GBX 520.80 ($6.43) on Wednesday. The stock has a market cap of £4.15 billion, a PE ratio of 2,175.83, a price-to-earnings-growth ratio of 2.58 and a beta of 0.94. Rightmove has a 52-week low of GBX 457.70 ($5.65) and a 52-week high of GBX 603 ($7.45). The company has a quick ratio of 2.55, a current ratio of 2.41 and a debt-to-equity ratio of 10.67. The business has a 50-day simple moving average of GBX 548.57 and a 200-day simple moving average of GBX 542.47.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on RMV shares. Shore Capital reaffirmed a “buy” rating on shares of Rightmove in a report on Monday, March 4th. Berenberg Bank upped their price target on Rightmove from GBX 605 ($7.47) to GBX 650 ($8.03) and gave the stock a “buy” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 656.67 ($8.11).

Insider Activity

In related news, insider Alison Dolan sold 25,257 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of GBX 568 ($7.02), for a total value of £143,459.76 ($177,198.32). Company insiders own 0.45% of the company’s stock.

Rightmove Company Profile

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.