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

Key Points

• Century Communities announced a quarterly dividend of $0.32 per share, payable September 9 to shareholders of record on August 26. The dividend equates to $1.28 annually and a yield of approximately 1.8%.
• The dividend appears well covered, with a current payout ratio of 17.4%; analysts expect next year’s earnings to support an estimated payout ratio of 27.9%.
• In its latest quarter, Century Communities reported $1.30 in EPS, exceeding the $0.63 analyst consensus, while revenue of $927.23 million surpassed expectations but declined 8.1% year over year.

Century Communities, Inc. (NYSE:CCS - Get Free Report) announced a quarterly dividend on Wednesday, August 12th. Shareholders of record on Wednesday, August 26th will be paid a dividend of 0.32 per share by the construction company on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, August 26th.

Century Communities has a dividend payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 0.6%

Shares of CCS opened at $70.41 on Thursday. The company's 50-day simple moving average is $65.89 and its 200-day simple moving average is $62.29. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.56. Century Communities has a 1 year low of $47.28 and a 1 year high of $76.00. The stock has a market capitalization of $2.00 billion, a PE ratio of 15.44 and a beta of 1.30.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The construction company reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.67. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. 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 previous year, the business posted $1.37 earnings per share. The business's quarterly revenue was down 8.1% compared to the same quarter last year. Analysts forecast that Century Communities will post 4.86 earnings per share for the current fiscal 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.

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