EMCOR Group, Inc. (NYSE:EME) Shareholders to Get $0.40 Quarterly Dividend

EMCOR Group, Inc. (NYSE:EME) announced a quarterly dividend on Friday, October 2nd. Investors of record on Thursday, October 15th will be paid a dividend of $0.40 per share by the construction company on Friday, October 30th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, October 15th.

EMCOR Group has raised its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. EMCOR Group has a dividend payout ratio of 6.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect EMCOR Group to earn $37.23 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 4.3%.

EMCOR Group Price Performance

Shares of NYSE EME opened at $787.56 on Friday. The firm’s 50-day moving average is $772.32 and its two-hundred day moving average is $799.77. The company has a market capitalization of $34.74 billion, a PE ratio of 24.50 and a beta of 1.12. EMCOR Group has a 12-month low of $564.92 and a 12-month high of $951.96.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, beating analysts’ consensus estimates of $7.23 by $1.83. The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.71 billion. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.EMCOR Group’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.72 EPS. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, analysts forecast that EMCOR Group will post 32.98 EPS for the current fiscal year.

Institutional Investors Weigh In On EMCOR Group

A number of hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC increased its holdings in EMCOR Group by 13.3% in the second quarter. NewEdge Advisors LLC now owns 17,873 shares of the construction company’s stock valued at $14,833,000 after buying an additional 2,099 shares during the last quarter. Summit Global Investments bought a new position in EMCOR Group during the 2nd quarter worth approximately $3,791,000. Sapient Capital LLC bought a new position in EMCOR Group during the 2nd quarter worth approximately $5,962,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of EMCOR Group by 23.8% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 20,180 shares of the construction company’s stock worth $12,346,000 after acquiring an additional 3,880 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of EMCOR Group in the 2nd quarter worth approximately $3,640,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

About EMCOR Group

EMCOR Group, Inc is a specialty construction and facilities services company headquartered in Norwalk, Connecticut. The company provides mechanical and electrical construction, building services, industrial services, energy infrastructure, and related maintenance solutions for commercial, industrial, institutional, governmental, and utility customers.

Its activities include designing and installing heating, ventilation, and air-conditioning systems; electrical power and communications infrastructure; plumbing and piping systems; fire protection; process systems; and building automation technologies.