Ferguson plc (NASDAQ:FERG) Plans $0.83 Quarterly Dividend

Key Points

• Ferguson plc has declared a quarterly dividend of $0.83 per share, with shareholders of record set to receive the payment on November 7th.
• The company's dividend yield is currently at 1.5%, supported by a payout ratio of 29.7%, indicating solid earnings coverage for future dividends.
• Ferguson's stock traded at $225.22 recently, with institutional investors holding approximately 81.98% of the company's shares.

Ferguson plc (NASDAQ:FERG - Get Free Report) announced a quarterly dividend on Thursday, September 11th, RTT News reports. Shareholders of record on Friday, September 26th will be paid a dividend of 0.83 per share on Friday, November 7th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, September 26th.

Ferguson has a payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ferguson to earn $10.62 per share next year, which means the company should continue to be able to cover its $3.16 annual dividend with an expected future payout ratio of 29.8%.

Ferguson Stock Performance

Ferguson stock traded up $1.09 during trading hours on Thursday, reaching $225.22. 3,636,552 shares of the company were exchanged, compared to its average volume of 1,707,447. The firm has a market cap of $44.41 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 1.69 and a beta of 1.15. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The stock has a 50-day moving average of $226.81 and a 200 day moving average of $195.70. Ferguson has a 12 month low of $146.00 and a 12 month high of $243.40.

Hedge Funds Weigh In On Ferguson

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Smithfield Trust Co lifted its holdings in shares of Ferguson by 3.5% in the second quarter. Smithfield Trust Co now owns 1,342 shares of the company's stock valued at $291,000 after purchasing an additional 46 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Ferguson by 7.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the company's stock valued at $150,000 after purchasing an additional 48 shares in the last quarter. Hemington Wealth Management lifted its holdings in shares of Ferguson by 51.5% in the second quarter. Hemington Wealth Management now owns 153 shares of the company's stock valued at $33,000 after purchasing an additional 52 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Ferguson by 0.8% in the first quarter. US Bancorp DE now owns 7,394 shares of the company's stock valued at $1,185,000 after purchasing an additional 59 shares in the last quarter. Finally, Compound Planning Inc. lifted its holdings in shares of Ferguson by 4.6% in the first quarter. Compound Planning Inc. now owns 1,386 shares of the company's stock valued at $222,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 81.98% of the company's stock.

Ferguson Company Profile

Ferguson plc distributes plumbing and heating products in the United States and Canada. It offers plumbing and heating solutions to customers in the residential, commercial, civil/infrastructure, and industrial end markets. The company also provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, fabrication, and others, as well as heating, ventilation, and air conditioning products under the Ferguson brand name.

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