FirstService Corporation (FSV) to Issue Quarterly Dividend of $0.28 on January 7th

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) announced a quarterly dividend on Thursday, December 4th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.275 per share by the financial services provider on Wednesday, January 7th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, December 31st.

FirstService has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 7 consecutive years. FirstService has a payout ratio of 17.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect FirstService to earn $5.91 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 18.6%.

FirstService Stock Performance

NASDAQ:FSV opened at $156.74 on Monday. The company has a fifty day simple moving average of $156.91 and a two-hundred day simple moving average of $178.17. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 51.90, a price-to-earnings-growth ratio of 2.96 and a beta of 1.05. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.90. FirstService has a 52 week low of $147.23 and a 52 week high of $209.66.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.76. FirstService had a return on equity of 17.98% and a net margin of 2.53%.The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the firm earned $1.63 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities analysts anticipate that FirstService will post 5.27 earnings per share for the current fiscal year.

FirstService Company Profile

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.