FirstService Corporation (FSV) Announces $0.12 Quarterly Dividend
FirstService Corporation (NASDAQ:FSV) (TSE:FSV) announced a quarterly dividend on Thursday, December 7th, Wall Street Journal reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.1225 per share by the financial services provider on Friday, January 5th. This represents a $0.49 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Thursday, December 28th.
FirstService (NASDAQ:FSV) traded up $0.15 during mid-day trading on Thursday, hitting $68.34. The stock had a trading volume of 10,900 shares, compared to its average volume of 40,364. The firm has a market cap of $2,448.09, a P/E ratio of 54.99 and a beta of 0.80. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.51. FirstService has a 1-year low of $44.10 and a 1-year high of $74.49.
FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.24. FirstService had a net margin of 2.74% and a return on equity of 24.16%. The firm had revenue of $456.50 million during the quarter, compared to analysts’ expectations of $449.26 million. During the same period in the prior year, the company earned $0.62 EPS. The firm’s revenue was up 11.6% on a year-over-year basis. equities analysts forecast that FirstService will post 1.93 earnings per share for the current year.
FirstService announced that its Board of Directors has initiated a share repurchase plan on Thursday, August 17th that authorizes the company to repurchase 3,100,000 outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
Firstservice Corporation is a provider of residential property management and other essential property services to residential and commercial customers. The Company operates through two segments: FirstService Residential and FirstService Brands. FirstService Residential is a property manager and provides ancillary services in the areas of on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, and landscaping; banking and insurance products, and energy conservation and management solutions.
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