Century Communities, Inc. (NYSE:CCS) Plans Quarterly Dividend of $0.32

Century Communities, Inc. (NYSE:CCS) declared a quarterly dividend on Wednesday, August 12th. Investors of record on Wednesday, August 26th will be given a dividend of 0.32 per share by the construction company on Wednesday, September 9th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, August 26th.

Century Communities has a dividend payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Century Communities to earn $4.59 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 27.9%.

Century Communities Stock Performance

Shares of CCS stock opened at $70.41 on Thursday. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 15.44 and a beta of 1.30. The stock has a 50 day simple moving average of $65.89 and a 200-day simple moving average of $62.29. Century Communities has a 12-month low of $47.28 and a 12-month high of $76.00. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Wednesday, July 22nd. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.67. Century Communities had a return on equity of 6.06% and a net margin of 3.41%.The firm had revenue of $927.23 million during the quarter, compared to analysts’ expectations of $857.23 million. During the same quarter in the prior year, the business posted $1.37 earnings per share. Century Communities’s revenue was down 8.1% compared to the same quarter last year. On average, equities analysts forecast that Century Communities will post 4.86 EPS for the current year.

About Century Communities

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.