Crh Plc to Issue Quarterly Dividend of $0.37 (NYSE:CRH)

Crh Plc (NYSE:CRH) declared a quarterly dividend on Wednesday, November 5th. Investors of record on Friday, November 21st will be paid a dividend of 0.37 per share by the construction company on Wednesday, December 17th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, November 21st.

CRH has raised its dividend payment by an average of 0.1%per year over the last three years. CRH has a payout ratio of 17.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect CRH to earn $6.03 per share next year, which means the company should continue to be able to cover its $1.11 annual dividend with an expected future payout ratio of 18.4%.

CRH Stock Down 0.5%

CRH traded down $0.60 during trading hours on Thursday, hitting $115.07. 3,488,099 shares of the company’s stock were exchanged, compared to its average volume of 5,106,198. CRH has a 1-year low of $76.75 and a 1-year high of $121.99. The stock’s 50-day moving average is $115.72 and its two-hundred day moving average is $103.32. The stock has a market cap of $77.40 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 1.68 and a beta of 1.32.

CRH (NYSE:CRH) last announced its earnings results on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.94 by $0.27. CRH had a net margin of 9.09% and a return on equity of 15.68%. The business had revenue of $11.07 billion during the quarter, compared to analysts’ expectations of $10.15 billion. During the same quarter in the prior year, the company posted $1.97 earnings per share. The firm’s revenue was up 5.3% on a year-over-year basis. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, equities research analysts anticipate that CRH will post 5.47 EPS for the current year.

About CRH

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.