Comfort Systems USA, Inc. (FIX) to Issue Quarterly Dividend of $0.80 on May 26th

Comfort Systems USA, Inc. (NYSE:FIX) announced a quarterly dividend on Thursday, April 23rd. Investors of record on Friday, May 15th will be given a dividend of 0.80 per share by the construction company on Tuesday, May 26th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, May 15th. This is a 14.3% increase from Comfort Systems USA’s previous quarterly dividend of $0.70.

Comfort Systems USA has raised its dividend by an average of 0.4%annually over the last three years and has increased its dividend annually for the last 13 consecutive years. Comfort Systems USA has a dividend payout ratio of 15.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Comfort Systems USA to earn $50.89 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 6.3%.

Comfort Systems USA Price Performance

NYSE FIX opened at $2,017.30 on Wednesday. The business has a 50 day simple moving average of $1,562.77 and a 200 day simple moving average of $1,240.28. Comfort Systems USA has a 52-week low of $452.04 and a 52-week high of $2,045.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The stock has a market cap of $71.01 billion, a price-to-earnings ratio of 58.20 and a beta of 1.70.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the prior year, the business earned $4.75 EPS. Comfort Systems USA’s revenue for the quarter was up 56.5% compared to the same quarter last year. Analysts anticipate that Comfort Systems USA will post 43.17 earnings per share for the current fiscal year.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.