Rocket Companies, Inc. (NYSE:RKT) to Issue $0.80 Dividend

Rocket Companies, Inc. (NYSE:RKT) announced a dividend on Monday, March 10th, NASDAQ Dividends reports. Shareholders of record on Thursday, March 20th will be given a dividend of 0.80 per share on Thursday, April 3rd. The ex-dividend date of this dividend is Thursday, March 20th.

Rocket Companies Stock Performance

Shares of NYSE RKT traded down $0.20 during trading on Tuesday, reaching $13.16. 14,429,284 shares of the company traded hands, compared to its average volume of 3,237,390. The stock has a market cap of $26.24 billion, a P/E ratio of -82.22 and a beta of 2.39. The firm’s fifty day simple moving average is $12.45 and its 200 day simple moving average is $14.91. The company has a current ratio of 15.47, a quick ratio of 15.47 and a debt-to-equity ratio of 1.51. Rocket Companies has a 12-month low of $10.06 and a 12-month high of $21.38.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on RKT shares. UBS Group raised Rocket Companies from a “sell” rating to a “neutral” rating and decreased their price target for the company from $12.50 to $11.50 in a report on Friday, January 10th. The Goldman Sachs Group decreased their target price on shares of Rocket Companies from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. dropped their price target on shares of Rocket Companies from $14.00 to $10.50 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Barclays decreased their price objective on shares of Rocket Companies from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Wednesday, November 13th. Finally, Bank of America increased their target price on shares of Rocket Companies from $14.00 to $15.00 and gave the stock an “underperform” rating in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, Rocket Companies has an average rating of “Hold” and an average price target of $13.83.

About Rocket Companies

Rocket Companies, Inc, a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company’s solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business.