EMCOR Group, Inc. (NYSE:EME – Get Free Report) declared a quarterly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.40 per share by the construction company on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, July 15th.
EMCOR Group has raised its dividend payment by an average of 0.3%per year over the last three years and has increased 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 analysts expect EMCOR Group to earn $32.83 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 4.9%.
EMCOR Group Stock Performance
EMCOR Group stock opened at $774.63 on Friday. EMCOR Group has a 52-week low of $532.25 and a 52-week high of $951.96. The firm has a 50 day moving average price of $855.90 and a two-hundred day moving average price of $769.17. The firm has a market cap of $34.42 billion, a price-to-earnings ratio of 25.99 and a beta of 1.13.
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.
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