Century Communities, Inc. to Issue Quarterly Dividend of $0.32 (NYSE:CCS)

Century Communities, Inc. (NYSE:CCS) announced a quarterly dividend on Wednesday, August 12th. Stockholders of record on Wednesday, August 26th will be given a dividend of 0.32 per share by the construction company on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Wednesday, August 26th.

Century Communities has a payout ratio of 17.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Century Communities to earn $4.59 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 27.9%.

Century Communities Stock Down 0.6%

Shares of Century Communities stock opened at $70.41 on Thursday. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 15.44 and a beta of 1.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.56 and a quick ratio of 0.56. Century Communities has a 52-week low of $47.28 and a 52-week high of $76.00. The stock has a 50-day simple moving average of $65.89 and a 200-day simple moving average of $62.29.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Wednesday, July 22nd. The construction company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.67. The firm had revenue of $927.23 million for the quarter, compared to the consensus estimate of $857.23 million. Century Communities had a return on equity of 6.06% and a net margin of 3.41%.The firm’s revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.37 earnings per share. On average, equities research analysts expect that Century Communities will post 4.86 earnings per share for the current fiscal year.

About Century Communities

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.