FirstService Corporation (FSV) To Go Ex-Dividend on September 30th

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) declared a quarterly dividend on Thursday, September 17th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.305 per share by the financial services provider on Wednesday, October 7th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, September 30th.

FirstService has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 7 years. FirstService has a payout ratio of 19.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FirstService to earn $6.21 per share next year, which means the company should continue to be able to cover its $1.22 annual dividend with an expected future payout ratio of 19.6%.

FirstService Price Performance

Shares of FSV opened at $129.11 on Friday. FirstService has a 1-year low of $119.41 and a 1-year high of $202.67. The stock has a market cap of $5.64 billion, a PE ratio of 36.58, a P/E/G ratio of 2.93 and a beta of 0.93. The firm has a 50-day simple moving average of $141.23 and a two-hundred day simple moving average of $140.61. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.63 and a quick ratio of 1.63.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.75 EPS for the quarter, topping the consensus estimate of $1.71 by $0.04. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. FirstService had a net margin of 2.88% and a return on equity of 18.07%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.71 EPS. As a group, analysts forecast that FirstService will post 5.61 EPS for the current year.

FirstService Company Profile

FirstService Corporation is a property services company serving residential and commercial property owners, residents, and businesses primarily in the United States and Canada. The company operates through two main divisions: FirstService Residential and FirstService Brands.

FirstService Residential provides property management services for condominium, cooperative, homeowners, and other residential communities. Its services include community association management, property maintenance, financial administration, compliance support, and resident services.

FirstService Brands operates a network of service businesses that support property repair, maintenance, improvement, and restoration.