The RMR Group Inc. (NASDAQ:RMR) to Issue $0.45 Quarterly Dividend

The RMR Group Inc. (NASDAQ:RMR) announced a quarterly dividend on Wednesday, October 16th, Zacks reports. Stockholders of record on Monday, October 28th will be paid a dividend of 0.45 per share by the financial services provider on Thursday, November 14th. This represents a $1.80 annualized dividend and a dividend yield of 7.30%. The ex-dividend date of this dividend is Monday, October 28th.

The RMR Group has increased its dividend by an average of 1.7% annually over the last three years. The RMR Group has a payout ratio of 126.8% 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 $1.53 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 117.6%.

The RMR Group Trading Down 0.6 %

RMR opened at $24.67 on Friday. The stock has a market capitalization of $782.78 million, a P/E ratio of 16.45 and a beta of 1.26. The RMR Group has a 12 month low of $21.60 and a 12 month high of $28.82. The firm’s fifty day simple moving average is $25.06 and its 200 day simple moving average is $24.21.

The RMR Group (NASDAQ:RMR) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The RMR Group had a net margin of 2.80% and a return on equity of 6.95%. The firm had revenue of $205.48 million during the quarter, compared to the consensus estimate of $227.68 million. During the same quarter last year, the firm earned $0.48 earnings per share. On average, equities research analysts predict that The RMR Group will post 1.64 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.