Ferguson plc Announces Quarterly Dividend of $0.89 (NYSE:FERG)

Ferguson plc (NYSE:FERG) announced a quarterly dividend on Wednesday, February 18th. Stockholders of record on Friday, March 6th will be paid a dividend of 0.89 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, March 6th.

Ferguson has raised its dividend payment by an average of 0.1%per year over the last three years. Ferguson has a payout ratio of 33.4% meaning its dividend is sufficiently covered by earnings.

Ferguson Stock Performance

Ferguson stock traded down $1.82 during midday trading on Thursday, reaching $258.18. 108,497 shares of the company’s stock were exchanged, compared to its average volume of 1,269,811. The stock’s 50-day simple moving average is $242.55 and its 200 day simple moving average is $238.46. The firm has a market cap of $50.49 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 2.15 and a beta of 1.18. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.88. Ferguson has a 52 week low of $146.00 and a 52 week high of $271.64.

Ferguson (NYSE:FERG) last released its quarterly earnings data on Tuesday, December 9th. The company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.07. The firm had revenue of $8.17 billion for the quarter. Ferguson had a return on equity of 35.73% and a net margin of 6.28%.Ferguson’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.45 EPS.

About Ferguson

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.