Ferguson plc (FERG) to Distribute Quarterly Dividend of $0.89 on October 7th

Ferguson plc (NYSE:FERG) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Friday, August 21st will be paid a dividend of 0.89 per share on Wednesday, October 7th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, August 21st.

Ferguson has increased its dividend payment by an average of 0.0%per year over the last three years. Ferguson has a dividend payout ratio of 33.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ferguson to earn $12.71 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 Trading Down 0.3%

NYSE:FERG opened at $244.21 on Wednesday. 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 stock has a market capitalization of $47.24 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 1.72 and a beta of 1.14. The firm has a fifty day simple moving average of $236.32 and a two-hundred day simple moving average of $240.66. Ferguson has a 12 month low of $207.64 and a 12 month high of $271.64.

Ferguson (NYSE:FERG) last posted its quarterly earnings results on Monday, August 10th. The company reported $3.39 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.16. The firm had revenue of $8.75 billion during the quarter. Ferguson had a net margin of 6.82% and a return on equity of 37.24%. Analysts expect that Ferguson will post 11.35 EPS for the current fiscal year.

Ferguson announced that its Board of Directors has approved a stock buyback plan on Tuesday, May 5th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the company to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Ferguson Company Profile

Ferguson (NYSE: FERG) is a multinational distributor specializing in plumbing and heating products and related building supplies, serving professional contractors, builders and industrial customers. The company supplies a broad range of products used in residential, commercial and infrastructure projects, including pipes and fittings, valves and controls, HVAC equipment, waterworks materials, plumbing fixtures, pumps and accessories, as well as complementary electrical and specialty product lines.

Ferguson operates a network of branches and distribution centers that provide inventory, logistics and value-added services to trade customers.