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

FirstService Co. (NASDAQ:FSV) (TSE:FSV) announced a quarterly dividend on Tuesday, February 4th, RTT News reports. Investors of record on Monday, March 31st will be paid a dividend of 0.275 per share by the financial services provider on Monday, April 7th. This represents a $1.10 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Monday, March 31st. This is a 10.0% increase from FirstService’s previous quarterly dividend of $0.25.

FirstService has increased its dividend payment by an average of 11.1% annually over the last three years. FirstService has a dividend payout ratio of 17.6% indicating that its dividend is sufficiently covered by earnings. 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 Performance

FSV opened at $166.05 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75. FirstService has a 52-week low of $141.26 and a 52-week high of $197.84. The firm has a market cap of $7.55 billion, a P/E ratio of 55.91 and a beta of 1.12. The business’s fifty day moving average is $174.82 and its 200-day moving average is $181.38.

Analyst Ratings Changes

FSV has been the topic of several analyst reports. Raymond James increased their price target on shares of FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. StockNews.com downgraded FirstService from a “buy” rating to a “hold” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $201.67.

About FirstService

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.