Installed Building Products, Inc. (NYSE:IBP) Shareholders to Collect $0.39 Quarterly Dividend

Installed Building Products, Inc. (NYSE:IBP) announced a quarterly dividend on Thursday, November 5th. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.39 per share by the construction company on Thursday, December 31st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, December 15th.

Installed Building Products has a dividend payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Installed Building Products to earn $10.54 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 14.8%.

Installed Building Products Stock Performance

NYSE:IBP opened at $221.23 on Friday. The company’s 50-day moving average price is $204.99 and its 200-day moving average price is $245.78. The company has a current ratio of 2.98, a quick ratio of 2.41 and a debt-to-equity ratio of 1.62. The company has a market cap of $5.88 billion, a P/E ratio of 23.81, a P/E/G ratio of 9.36 and a beta of 1.65. Installed Building Products has a twelve month low of $176.15 and a twelve month high of $349.00.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings results on Thursday, November 5th. The construction company reported $2.76 earnings per share for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.07). Installed Building Products had a return on equity of 42.12% and a net margin of 8.46%. The business had revenue of $808.40 million for the quarter, compared to analyst estimates of $787.70 million. During the same quarter in the previous year, the firm posted $3.18 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts forecast that Installed Building Products will post 9.75 earnings per share for the current fiscal year.

Installed Building Products Company Profile

Installed Building Products, Inc (NYSE: IBP) is a residential and commercial building-services company that provides installation services for insulation and other construction products. The company serves homebuilders, contractors, remodelers and other customers through a network of specialized installation businesses.

Its primary offerings include fiberglass, spray foam and blown-in insulation, as well as the installation of garage doors, gutters, fireplaces, shower enclosures, closet systems and other complementary building products.