Ferguson plc (NYSE:FERG) Plans $0.89 Quarterly Dividend

Key Points

• Ferguson declared a quarterly dividend of $0.89 per share, payable July 8 to shareholders of record May 15, which annualizes to $3.56 and yields about 1.3% with a current payout ratio near 33.4% (analysts expect earnings to keep the dividend well covered).
• The company recently missed earnings expectations — Q results showed $1.99 EPS vs. $2.24 expected, the stock fell to $264.13, and Ferguson trades with a roughly $51.3B market cap and a P/E around 26.7.

Ferguson plc (NYSE:FERG - Get Free Report) declared a quarterly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be given a dividend of 0.89 per share on Wednesday, July 8th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, May 15th.

Ferguson has raised its dividend payment by an average of 0.0%per year over the last three years. Ferguson has a dividend payout ratio of 33.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ferguson to earn $12.44 per share next year, which means the company should continue to be able to cover its $3.56 annual dividend with an expected future payout ratio of 28.6%.

Ferguson Price Performance

Shares of FERG stock traded down $3.58 on Friday, hitting $264.13. 1,204,997 shares of the stock traded hands, compared to its average volume of 1,374,666. The firm has a market cap of $51.34 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.07 and a beta of 1.21. Ferguson has a 52 week low of $166.04 and a 52 week high of $271.64. The firm has a 50 day simple moving average of $243.92 and a two-hundred day simple moving average of $243.73. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.88 and a quick ratio of 1.01.

Ferguson (NYSE:FERG - Get Free Report) last issued its earnings results on Tuesday, February 24th. The company reported $1.99 earnings per share for the quarter, missing the consensus estimate of $2.24 by ($0.25). Ferguson had a return on equity of 40.37% and a net margin of 6.93%.During the same quarter in the prior year, the company posted $1.52 earnings per share. The business's quarterly revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts predict that Ferguson will post 11.2 earnings per share for the current fiscal year.

Ferguson Company Profile

Ferguson NYSE: FERG is a multinational distributor specializing in plumbing and heating products and related building supplies, serving professional contractors, builders and industrial customers. The company supplies a broad range of products used in residential, commercial and infrastructure projects, including pipes and fittings, valves and controls, HVAC equipment, waterworks materials, plumbing fixtures, pumps and accessories, as well as complementary electrical and specialty product lines.

Ferguson operates a network of branches and distribution centers that provide inventory, logistics and value-added services to trade customers.

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