CRH plc Announces Quarterly Dividend of $0.37 (NYSE:CRH)

CRH plc (NYSE:CRH - Get Free Report) announced a quarterly dividend on Monday, May 5th, RTT News reports. Stockholders of record on Friday, May 23rd will be paid a dividend of 0.37 per share by the construction company on Wednesday, June 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, May 23rd.

CRH has a payout ratio of 24.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CRH to earn $6.03 per share next year, which means the company should continue to be able to cover its $1.54 annual dividend with an expected future payout ratio of 25.5%.

CRH Stock Up 0.5 %

CRH stock traded up $0.45 during mid-day trading on Friday, hitting $94.39. 1,049,407 shares of the company were exchanged, compared to its average volume of 5,797,993. The business has a fifty day moving average of $91.46 and a 200 day moving average of $96.11. CRH has a 1-year low of $71.18 and a 1-year high of $110.97. The company has a market capitalization of $63.84 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33.

CRH (NYSE:CRH - Get Free Report) last announced its earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). CRH had a return on equity of 16.35% and a net margin of 9.86%. The company had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.77 billion. Research analysts expect that CRH will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on CRH. Berenberg Bank set a $120.00 target price on shares of CRH in a report on Friday, February 28th. Loop Capital began coverage on CRH in a research report on Wednesday, April 9th. They set a "buy" rating and a $114.00 price objective for the company. Royal Bank of Canada dropped their target price on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Morgan Stanley restated an "overweight" rating on shares of CRH in a report on Wednesday. Finally, StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, CRH presently has an average rating of "Buy" and a consensus price target of $112.36.

CRH Company Profile

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.