Comfort Systems USA, Inc. (NYSE:FIX) Plans Quarterly Dividend of $0.90

Comfort Systems USA, Inc. (NYSE:FIX) announced a quarterly dividend on Thursday, July 23rd. Investors of record on Thursday, August 13th will be given a dividend of 0.90 per share by the construction company on Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, August 13th. This is a 12.5% increase from Comfort Systems USA’s previous quarterly dividend of $0.80.

Comfort Systems USA has raised its dividend payment by an average of 0.4%per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Comfort Systems USA has a dividend payout ratio of 15.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Comfort Systems USA to earn $52.93 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 6.0%.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,830.08 on Friday. The stock’s 50-day simple moving average is $1,841.07 and its 200 day simple moving average is $1,567.54. The stock has a market capitalization of $64.42 billion, a price-to-earnings ratio of 52.80 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. Comfort Systems USA has a 52-week low of $543.24 and a 52-week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.53 EPS. Research analysts forecast that Comfort Systems USA will post 43.39 EPS for the current fiscal year.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.