FirstService Corporation (NASDAQ:FSV) Announces Quarterly Dividend of $0.28

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) declared a quarterly dividend on Thursday, December 4th. Investors 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) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 31st.

FirstService has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 7 consecutive years. FirstService has a dividend payout ratio of 17.7% meaning its dividend is sufficiently covered by earnings. Equities 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 Up 0.3%

Shares of FSV opened at $154.91 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average price of $167.17 and a two-hundred day moving average price of $180.52. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 51.29, a P/E/G ratio of 2.91 and a beta of 1.05. FirstService has a 12 month low of $149.13 and a 12 month high of $209.66.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.76. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.47 billion. FirstService had a return on equity of 17.98% and a net margin of 2.53%.FirstService’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 EPS. Equities analysts predict that FirstService will post 5.27 EPS for the current fiscal year.

FirstService Company Profile

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.