The RMR Group Inc. (RMR) to Issue Quarterly Dividend of $0.45 on February 19th

The RMR Group Inc. (NASDAQ:RMR) announced a quarterly dividend on Thursday, January 15th. Investors of record on Monday, January 26th will be given a dividend of 0.45 per share by the financial services provider on Thursday, February 19th. This represents a c) dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend is Monday, January 26th.

The RMR Group has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 1 years. The RMR Group has a payout ratio of 123.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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 Price Performance

Shares of RMR opened at $16.47 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.05. The RMR Group has a 1 year low of $13.48 and a 1 year high of $20.03. The stock has a market cap of $528.03 million, a P/E ratio of 15.69 and a beta of 0.96. The stock’s 50-day moving average price is $15.46 and its two-hundred day moving average price is $15.97.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings results on Wednesday, November 12th. The financial services provider reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The company had revenue of $152.23 million during the quarter, compared to analysts’ expectations of $210.10 million. The RMR Group had a return on equity of 4.60% and a net margin of 2.48%. On average, equities analysts predict that The RMR Group will post 1.51 earnings per share for the current year.

About The RMR Group

The RMR Group, Inc (NASDAQ: RMR) is a publicly traded asset management company that specializes in providing comprehensive real estate and investment management services to both public and private entities. Acting as an external manager, RMR offers a range of services encompassing property management, asset management, fund administration, accounting, investor relations and compliance oversight. Its client base includes real estate investment trusts (REITs), real estate operating companies (REOCs), closed-end real estate funds and institutional investors.

Founded in 1986, RMR Group has built a business model centered on recurring fee revenue generated through long-term service agreements with its managed entities.