FirstService Corporation (NASDAQ:FSV) Declares Quarterly Dividend of $0.30

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

FirstService has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 7 years. FirstService has a payout ratio of 19.6% indicating that 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

NASDAQ FSV traded down $2.32 during trading hours on Friday, reaching $130.23. 71,424 shares of the stock traded hands, compared to its average volume of 217,193. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a 50 day simple moving average of $141.51 and a two-hundred day simple moving average of $140.70. FirstService has a 1 year low of $119.41 and a 1 year high of $202.67. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 36.89, a price-to-earnings-growth ratio of 2.93 and a beta of 0.93.

FirstService (NASDAQ:FSV) (TSE:FSV) last released 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 the consensus estimate of $1.44 billion. FirstService had a return on equity of 18.07% and a net margin of 2.88%.The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.71 earnings per share. On average, analysts predict that FirstService will post 5.61 EPS for the current fiscal 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.