Crh Plc (NYSE:CRH) Shares to Pay Quarterly Dividend of $0.39

Key Points

• CRH declared a quarterly dividend of $0.39 per share, payable December 9 to shareholders of record on November 13. The annualized dividend is $1.56, representing a 1.7% yield.
• The dividend appears well covered, with a current payout ratio of 24.4%; analysts expect next year’s earnings of $6.55 per share, implying a projected payout ratio of 23.8%.
• CRH reported quarterly earnings of $2.09 per share, slightly exceeding estimates of $2.06, while revenue rose 3% year over year to $11.40 billion, below analyst expectations of $11.56 billion.

Crh Plc (NYSE:CRH - Get Free Report) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Friday, November 13th will be given a dividend of $0.39 per share by the construction company on Wednesday, December 9th. This represents a $1.56 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, November 13th.

CRH has raised its dividend payment by an average of 0.1% per year over the last three years. CRH has a payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CRH to earn $6.55 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 23.8%.

CRH Stock Performance

NYSE:CRH traded down $0.64 during midday trading on Friday, reaching $89.98. 2,897,432 shares of the stock traded hands, compared to its average volume of 4,961,156. The business has a 50-day moving average of $87.24 and a two-hundred day moving average of $104.44. The stock has a market capitalization of $59.86 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31. CRH has a 12-month low of $78.62 and a 12-month high of $131.55.

CRH (NYSE:CRH - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The construction company reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates of $2.06 by $0.03. The business had revenue of $11.40 billion for the quarter, compared to analyst estimates of $11.56 billion. CRH had a return on equity of 15.76% and a net margin of 9.93%. The company's revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.21 earnings per share. Research analysts anticipate that CRH will post 5.83 earnings per share for the current year.

CRH Company Profile

CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its activities include the production and distribution of aggregates, asphalt, ready-mixed concrete, cement and other construction materials, as well as value-added products such as precast concrete, architectural products and site-development solutions.

The company serves customers across North America and Europe, including contractors, construction companies, infrastructure developers, distributors and public-sector organizations.

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