Ferguson plc (NYSE:FERG) to Issue Quarterly Dividend of $0.89

Ferguson plc (NYSE:FERG) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Friday, August 21st will be given a dividend of 0.89 per share on Wednesday, October 7th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 21st.

Ferguson has increased its dividend payment by an average of 0.0%annually over the last three years. Ferguson has a dividend payout ratio of 33.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ferguson to earn $12.63 per share next year, which means the company should continue to be able to cover its $3.56 annual dividend with an expected future payout ratio of 28.2%.

Ferguson Trading Down 0.7%

NYSE:FERG traded down $1.67 on Thursday, hitting $253.58. 1,270,077 shares of the stock were exchanged, compared to its average volume of 1,747,207. The stock has a market cap of $49.18 billion, a PE ratio of 29.51, a PEG ratio of 1.81 and a beta of 1.14. The company has a current ratio of 1.78, a quick ratio of 0.96 and a debt-to-equity ratio of 0.68. The stock has a fifty day moving average of $232.22 and a 200-day moving average of $240.66. Ferguson has a fifty-two week low of $207.64 and a fifty-two week high of $271.64.

Ferguson (NYSE:FERG) last issued its earnings results on Tuesday, May 5th. The company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.14. The business had revenue of $7.47 billion during the quarter. Ferguson had a return on equity of 38.81% and a net margin of 6.98%.The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.50 EPS. As a group, equities analysts expect that Ferguson will post 11.25 earnings per share for the current fiscal year.

Institutional Trading of Ferguson

Institutional investors and hedge funds have recently bought and sold shares of the company. Leonteq Securities AG acquired a new position in shares of Ferguson during the fourth quarter worth approximately $26,000. Basepoint Wealth LLC acquired a new position in shares of Ferguson in the 4th quarter worth approximately $26,000. Zions Bancorporation National Association UT boosted its holdings in Ferguson by 123.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 143 shares of the company’s stock worth $32,000 after buying an additional 79 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Ferguson in the 3rd quarter valued at approximately $34,000. Finally, Eastern Bank purchased a new stake in shares of Ferguson in the second quarter valued at $42,000. Institutional investors and hedge funds own 81.98% of the company’s stock.

About Ferguson

Ferguson (NYSE: FERG) is a multinational distributor specializing in plumbing and heating products and related building supplies, serving professional contractors, builders and industrial customers. The company supplies a broad range of products used in residential, commercial and infrastructure projects, including pipes and fittings, valves and controls, HVAC equipment, waterworks materials, plumbing fixtures, pumps and accessories, as well as complementary electrical and specialty product lines.

Ferguson operates a network of branches and distribution centers that provide inventory, logistics and value-added services to trade customers.