FirstService Co. (FSV) to Issue Quarterly Dividend of $0.35 on July 5th

FirstService Co. (TSE:FSV) (NASDAQ:FSV) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.345 per share on Friday, July 5th. This represents a $1.38 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, June 28th. This is an increase from FirstService’s previous quarterly dividend of $0.34.

FirstService Trading Down 0.4 %

Shares of TSE FSV traded down C$0.81 during midday trading on Thursday, reaching C$206.66. The stock had a trading volume of 13,931 shares, compared to its average volume of 67,731. FirstService has a twelve month low of C$186.43 and a twelve month high of C$231.73. The company has a debt-to-equity ratio of 104.41, a quick ratio of 1.25 and a current ratio of 1.77. The company’s 50 day moving average price is C$216.67 and its 200 day moving average price is C$215.24. The firm has a market cap of C$9.29 billion, a price-to-earnings ratio of 67.65, a price-to-earnings-growth ratio of 107.75 and a beta of 0.89.

FirstService (TSE:FSV) (NASDAQ:FSV) last released its quarterly earnings data on Wednesday, April 24th. The company reported C$0.75 earnings per share for the quarter, missing the consensus estimate of C$0.79 by C($0.04). FirstService had a net margin of 2.32% and a return on equity of 11.77%. The company had revenue of C$1.56 billion during the quarter, compared to the consensus estimate of C$1.53 billion. As a group, sell-side analysts expect that FirstService will post 6.9558535 EPS for the current year.

Insider Buying and Selling at FirstService

In other FirstService news, Senior Officer Alex Nguyen bought 7,400 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of C$223.96 per share, for a total transaction of C$1,657,304.00. In other news, Director D. Scott Patterson sold 500 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$230.50, for a total value of C$115,250.00. Also, Senior Officer Alex Nguyen purchased 7,400 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were purchased at an average price of C$223.96 per share, for a total transaction of C$1,657,304.00. In the last 90 days, insiders sold 19,300 shares of company stock worth $4,357,897. 10.30% of the stock is owned by corporate insiders.

FirstService Company Profile

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.