FirstCash Holdings, Inc. (NASDAQ:FCFS) Plans $0.42 Quarterly Dividend

FirstCash Holdings, Inc. (NASDAQ:FCFS) announced a quarterly dividend on Thursday, April 23rd. Stockholders of record on Friday, May 15th will be paid a dividend of 0.42 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 15th.

FirstCash has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 8 consecutive years. FirstCash has a dividend payout ratio of 18.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect FirstCash to earn $11.80 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 14.2%.

FirstCash Stock Up 3.3%

FCFS stock opened at $212.33 on Friday. FirstCash has a one year low of $119.21 and a one year high of $227.26. The firm has a market cap of $9.31 billion, a PE ratio of 28.62 and a beta of 0.47. The firm’s 50 day moving average price is $193.73 and its 200-day moving average price is $173.04. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.36 and a current ratio of 4.55.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.39. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1 billion. FirstCash had a return on equity of 17.99% and a net margin of 9.02%.The firm’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.07 earnings per share. On average, equities research analysts anticipate that FirstCash will post 10.57 EPS for the current year.

About FirstCash

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.