The RMR Group Inc. (NASDAQ:RMR) declared quarterly dividend of $ 0.38 per share of Class A Common Stock and Class B-1 Common Stock.
The dividend will be payable on November 19, 2020, to stockholders of record on October 26, 2020, with an ex-dividend date of October 23, 2020.
Dividends History
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The RMR Group Inc. recently reported third quarter financial results on August 7, 2020, before market open, provider of business and property management services outlined income for the third quarter of $ 0.38 per share, from the revenue of $ 138.65 million. The quarterly earnings developed 5.56 percent compared with the same quarter last year. According to street consensus, RMR was expected to report 3Q20 income of $ 0.38 per share from revenue of $ 132.10 million. The top line results outshined analysts by $ 6.55 million or 4.96 percent.
Stock Performance
Shares of The RMR Group Inc. traded low $ -0.38 or -1.31 percent on Thursday, reaching $ 28.70 with volume of 0.50 thousand shares. The stock opened down for the day at $ 28.70, after closing the previous day trading at $ 29.08.
According to the previous trading day, closing price of $ 29.08, representing a 33.46 % increase from the 52 week low of $ 21.79 and a 41.83 % decrease over the 52 week high of $ 49.99.
The company has a market capital of $ 898.74 million and is part of the Real Estate sector and Real Estate Services industry.
The RMR Group Inc., through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. It provides management services to its five publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2018, the company had approximately 1,700 properties under management, which are primarily owned by its Managed Equity REITs.
