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

The RMR Group Inc. (NASDAQ:RMR) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Investors 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 dividend on an annualized basis and a dividend yield of 9.25%. The ex-dividend date is Monday, January 27th.

The RMR Group has increased its dividend by an average of 4.8% annually over the last three years. The RMR Group has a dividend payout ratio of 114.6% 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 $1.32 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 136.4%.

The RMR Group Trading Up 0.5 %

RMR opened at $19.45 on Friday. The company has a fifty day moving average price of $20.89 and a two-hundred day moving average price of $23.41. The RMR Group has a 1-year low of $19.08 and a 1-year high of $26.82. The company has a market cap of $619.48 million, a P/E ratio of 14.30 and a beta of 1.24. 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 issued 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 firm had revenue of $212.30 million during the quarter, compared to the consensus estimate of $220.15 million. During the same period in the previous year, the firm earned $0.48 earnings per share. Analysts predict that The RMR Group will post 1.51 EPS 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.