The RMR Group Inc. (RMR) to Distribute Quarterly Dividend of $0.45 on August 13th

The RMR Group Inc. (NASDAQ:RMR) announced a quarterly dividend on Thursday, July 9th. Stockholders of record on Monday, July 20th will be given a dividend of 0.45 per share by the financial services provider on Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 8.7%. The ex-dividend date is Monday, July 20th.

The RMR Group has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. The RMR Group has a dividend 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. Equities research analysts expect The RMR Group to earn $0.78 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 230.8%.

The RMR Group Stock Down 1.9%

Shares of RMR stock opened at $20.64 on Friday. The RMR Group has a 12 month low of $14.27 and a 12 month high of $21.45. The business’s 50 day moving average is $20.27 and its two-hundred day moving average is $17.76. The company has a market cap of $662.40 million, a PE ratio of 17.06 and a beta of 1.05.

The RMR Group (NASDAQ:RMR) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). The firm had revenue of $145.63 million during the quarter, compared to the consensus estimate of $171.44 million. The RMR Group had a return on equity of 3.44% and a net margin of 3.23%. As a group, equities analysts expect that The RMR Group will post 0.69 EPS for the current fiscal year.

The RMR Group Company Profile

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.