Ferguson plc (FERG) To Go Ex-Dividend on November 20th

Ferguson plc (NYSE:FERG) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.89 per share on Friday, January 8th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 20th.

Ferguson has a payout ratio of 33.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ferguson to earn $12.72 per share next year, which means the company should continue to be able to cover its $3.56 annual dividend with an expected future payout ratio of 28.0%.

Ferguson Stock Down 5.4%

Shares of Ferguson stock opened at $235.17 on Friday. The stock has a market capitalization of $45.49 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 1.79 and a beta of 1.11. Ferguson has a twelve month low of $212.13 and a twelve month high of $271.64. The company has a current ratio of 1.73, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72. The business’s 50 day simple moving average is $225.40 and its 200-day simple moving average is $237.20.

Ferguson (NYSE:FERG) last released its quarterly earnings data on Monday, August 10th. The company reported $3.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.16. The business had revenue of $8.75 billion during the quarter. Ferguson had a return on equity of 37.24% and a net margin of 6.82%. Equities research analysts forecast that Ferguson will post 11.42 earnings per share for the current year.

About Ferguson

Ferguson plc (NYSE: FERG) is a value-added distributor of plumbing, heating, ventilation and air conditioning (HVAC), waterworks, fire protection and other building and industrial products. The company serves professional contractors, municipalities, commercial and industrial businesses, and other customers through a network of branches, distribution centers, showrooms and digital platforms.

Its product offering includes pipes, valves, fittings, plumbing fixtures, water and wastewater infrastructure products, HVAC equipment, fire protection systems, industrial supplies and related tools and services.