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

Ferguson plc (NYSE:FERG) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Friday, August 21st will be given a dividend of 0.89 per share on Wednesday, October 7th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 21st.

Ferguson has raised its dividend payment by an average of 0.0%annually over the last three years. Ferguson has a payout ratio of 33.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ferguson to earn $12.63 per share next year, which means the company should continue to be able to cover its $3.56 annual dividend with an expected future payout ratio of 28.2%.

Ferguson Price Performance

FERG traded down $1.56 on Thursday, reaching $253.69. The company had a trading volume of 1,155,288 shares, compared to its average volume of 1,746,890. The business has a 50 day simple moving average of $232.22 and a 200 day simple moving average of $240.66. The company has a market cap of $49.20 billion, a price-to-earnings ratio of 29.52, a P/E/G ratio of 1.81 and a beta of 1.14. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.96 and a current ratio of 1.78. Ferguson has a 52-week low of $207.64 and a 52-week high of $271.64.

Ferguson (NYSE:FERG) last released its quarterly earnings results on Tuesday, May 5th. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.14. The business had revenue of $7.47 billion during the quarter. Ferguson had a net margin of 6.98% and a return on equity of 38.81%. Ferguson’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.50 EPS. As a group, sell-side analysts anticipate that Ferguson will post 11.25 EPS for the current year.

Ferguson Company Profile

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.