EMCOR Group, Inc. (EME) to Issue Quarterly Dividend of $0.40 on January 30th

EMCOR Group, Inc. (NYSE:EME) declared a quarterly dividend on Friday, January 2nd. Stockholders of record on Wednesday, January 14th will be paid a dividend of 0.40 per share by the construction company on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, January 14th. This is a 60.0% increase from EMCOR Group’s previous quarterly dividend of $0.25.

EMCOR Group has raised its dividend payment by an average of 0.2%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% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect EMCOR Group to earn $22.24 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 7.2%.

EMCOR Group Price Performance

Shares of NYSE EME opened at $646.80 on Monday. The company has a market capitalization of $28.96 billion, a P/E ratio of 26.01 and a beta of 1.17. EMCOR Group has a one year low of $320.89 and a one year high of $778.64. The business’s 50-day moving average price is $625.76 and its two-hundred day moving average price is $624.97.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share for the quarter, hitting the consensus estimate of $6.57. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.The firm had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period in the previous year, the company earned $5.80 EPS. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, equities analysts anticipate that EMCOR Group will post 20.74 EPS for the current year.

EMCOR Group announced that its board has initiated a stock buyback program on Thursday, December 18th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the construction company to repurchase up to 1.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

About EMCOR Group

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.