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

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) declared a quarterly dividend on Wednesday, May 6th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.305 per share by the financial services provider on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 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 annually for the last 7 consecutive years. FirstService has a dividend payout ratio of 19.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FirstService to earn $6.19 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 19.7%.

FirstService Stock Up 3.6%

FSV stock opened at $140.85 on Friday. FirstService has a twelve month low of $119.41 and a twelve month high of $209.66. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $6.47 billion, a P/E ratio of 39.79, a PEG ratio of 4.28 and a beta of 0.95. The firm has a 50 day simple moving average of $137.63 and a 200-day simple moving average of $146.90.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. FirstService had a net margin of 2.92% and a return on equity of 17.91%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. On average, equities research analysts predict that FirstService will post 5.54 earnings per share for the current fiscal year.

FirstService Company Profile

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.