Century Communities, Inc. (CCS) to Issue Quarterly Dividend of $0.32 on June 10th

Century Communities, Inc. (NYSE:CCS) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Wednesday, May 27th will be paid a dividend of 0.32 per share by the construction company on Wednesday, June 10th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, May 27th.

Century Communities has a payout ratio of 17.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Century Communities to earn $4.10 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 31.2%.

Century Communities Price Performance

Shares of NYSE:CCS opened at $52.02 on Monday. The company’s fifty day moving average price is $56.66 and its 200 day moving average price is $61.39. Century Communities has a 12 month low of $47.28 and a 12 month high of $76.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $1.50 billion, a P/E ratio of 11.72 and a beta of 1.37.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.61 by $0.27. Century Communities had a net margin of 3.31% and a return on equity of 6.24%. The firm had revenue of $789.67 million for the quarter, compared to analyst estimates of $961.12 million. During the same period last year, the business earned $1.36 EPS. Century Communities’s revenue for the quarter was down 16.9% compared to the same quarter last year. As a group, sell-side analysts predict that Century Communities will post 3.84 earnings per share for the current fiscal year.

About Century Communities

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.