FirstService Corporation (FSV) To Go Ex-Dividend on March 31st

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) declared a quarterly dividend on Tuesday, February 3rd. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.305 per share by the financial services provider on Tuesday, April 7th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, March 31st. This is a 10.9% increase from FirstService’s previous quarterly dividend of $0.28.

FirstService has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 7 years. FirstService has a payout ratio of 17.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FirstService to earn $5.91 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 18.6%.

FirstService Stock Up 6.8%

Shares of FirstService stock opened at $165.10 on Thursday. The stock’s 50-day moving average is $156.36 and its 200 day moving average is $174.51. FirstService has a one year low of $147.23 and a one year high of $209.66. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 54.67, a PEG ratio of 2.68 and a beta of 1.06. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.77 and a quick ratio of 1.77.

FirstService Company Profile

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.