Rightmove plc (RMV) to Issue Dividend of GBX 5.70 on May 24th

Rightmove plc (LON:RMV) announced a dividend on Friday, March 1st, Upcoming.Co.Uk reports. Shareholders 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 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 Price Performance

Shares of Rightmove stock opened at GBX 523.20 ($6.46) on Tuesday. The firm has a market cap of £4.17 billion, a PE ratio of 2,160.00, a price-to-earnings-growth ratio of 2.58 and a beta of 0.94. Rightmove has a 12-month low of GBX 457.70 ($5.65) and a 12-month 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 company’s fifty day simple moving average is GBX 548.83 and its two-hundred day simple moving average is GBX 542.86.

Insider Activity at Rightmove

In related news, insider Alison Dolan sold 25,257 shares of Rightmove stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of GBX 568 ($7.02), for a total transaction of £143,459.76 ($177,198.32). 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

About Rightmove

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.