The RMR Group Inc. (NASDAQ:RMR) Shareholders Set to Receive $0.45 Quarterly Dividend

The RMR Group Inc. (NASDAQ:RMR – Get Free Report) announced a quarterly dividend on Thursday, October 8th. Shareholders of record on Monday, October 19th will be paid a dividend of $0.45 per share by the financial services provider on Thursday, November 12th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Monday, October 19th.

The RMR Group has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 1 years. The RMR Group has a payout ratio of 123.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect The RMR Group to earn $0.73 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 246.6%.

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The RMR Group Trading Up 0.5%

Shares of RMR stock opened at $17.71 on Friday. The company’s 50-day moving average price is $19.10 and its 200-day moving average price is $19.02. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.06. The stock has a market cap of $568.14 million, a price-to-earnings ratio of 15.54 and a beta of 1.00. The RMR Group has a twelve month low of $14.27 and a twelve month high of $21.45.

The RMR Group (NASDAQ:RMR – Get Free Report) last issued its earnings results on Wednesday, August 5th. The financial services provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The RMR Group had a return on equity of 2.96% and a net margin of 3.10%.The firm had revenue of $153.51 million for the quarter, compared to analysts’ expectations of $147.60 million. As a group, equities analysts predict that The RMR Group will post 0.63 earnings per share for the current year.

About The RMR Group

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The RMR Group Inc is an alternative asset management company that provides management services to publicly traded and private real estate companies. Its platform supports businesses that own and operate commercial real estate, including office, industrial, healthcare, senior living, hotel, and other property types.

RMR’s services include property and asset management, leasing, acquisitions and dispositions, development and redevelopment, construction management, financing support, and strategic planning.

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