FirstService Co. (FSV) to Issue Quarterly Dividend of $0.28 on April 7th

FirstService Co. (NASDAQ:FSV) (TSE:FSV) declared a quarterly dividend on Tuesday, February 4th,RTT News reports. Investors of record on Monday, March 31st will be paid a dividend of 0.275 per share by the financial services provider on Monday, April 7th. This represents a $1.10 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from FirstService’s previous quarterly dividend of $0.25.

FirstService has raised its dividend payment by an average of 11.1% annually over the last three years. FirstService has a dividend payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect FirstService to earn $5.28 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 18.9%.

FirstService Trading Down 4.2 %

NASDAQ:FSV opened at $173.94 on Thursday. The business’s 50-day moving average is $184.18 and its two-hundred day moving average is $181.86. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.79 and a quick ratio of 1.79. FirstService has a 12 month low of $141.26 and a 12 month high of $197.84. The firm has a market capitalization of $7.87 billion, a PE ratio of 72.48 and a beta of 1.06.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Raymond James lifted their target price on FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Scotiabank lifted their price target on FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 15th. TD Securities lifted their price target on FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. StockNews.com upgraded FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus lifted their target price on FirstService from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.67.

FirstService Company Profile

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.