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FirstService Co. Announces Quarterly Dividend of $0.28 (TSE:FSV)

FirstService logo with Real Estate background

Key Points

  • FirstService Co. has announced a quarterly dividend of $0.28 per share, payable on October 7th, for shareholders of record as of September 30th.
  • The company's stock price increased by 0.2%, reaching C$285.24, with a market capitalization of C$12.99 billion.
  • FirstService operates in two divisions: FirstService Residential and FirstService Brands, with the former generating the majority of its revenue.
  • Five stocks to consider instead of FirstService.

FirstService Co. (TSE:FSV - Get Free Report) NASDAQ: FSV announced a quarterly dividend on Tuesday, September 9th, RTT News reports. Stockholders of record on Tuesday, September 30th will be paid a dividend of 0.275 per share on Tuesday, October 7th. This represents a c) annualized dividend and a dividend yield of 0.4%.

FirstService Stock Performance

Shares of FirstService stock traded down C$5.05 during trading hours on Friday, hitting C$283.12. 65,774 shares of the company's stock traded hands, compared to its average volume of 89,694. FirstService has a 12-month low of C$220.39 and a 12-month high of C$290.34. The stock has a market capitalization of C$12.90 billion, a price-to-earnings ratio of 90.74, a PEG ratio of 107.75 and a beta of 0.95. The company has a fifty day simple moving average of C$267.02 and a 200-day simple moving average of C$249.82. The company has a debt-to-equity ratio of 136.54, a current ratio of 1.81 and a quick ratio of 1.25.

Wall Street Analysts Forecast Growth

Separately, TD Securities boosted their target price on shares of FirstService from C$211.00 to C$214.00 and gave the company a "hold" rating in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, FirstService has an average rating of "Hold" and a consensus target price of C$214.00.

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About FirstService

(Get Free Report)

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company's revenue.

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Dividend History for FirstService (TSE:FSV)

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