Century Communities, Inc. (NYSE:CCS) Plans Quarterly Dividend of $0.29

Century Communities, Inc. (NYSE:CCS - Get Free Report) declared a quarterly dividend on Wednesday, February 5th,RTT News reports. Investors of record on Wednesday, February 26th will be paid a dividend of 0.29 per share by the construction company on Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from Century Communities's previous quarterly dividend of $0.26.

Century Communities has increased its dividend payment by an average of 32.2% annually over the last three years. Century Communities has a payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Century Communities to earn $12.52 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 8.3%.

Century Communities Stock Down 4.2 %

CCS traded down $3.21 during trading on Friday, hitting $73.85. 601,744 shares of the company's stock traded hands, compared to its average volume of 465,920. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 7.10 and a beta of 1.92. The company's 50 day simple moving average is $77.50 and its two-hundred day simple moving average is $89.39. Century Communities has a 12-month low of $68.49 and a 12-month high of $108.42. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. Analysts predict that Century Communities will post 11.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CCS has been the subject of a number of research analyst reports. B. Riley reiterated a "buy" rating and issued a $119.00 price target (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. StockNews.com downgraded shares of Century Communities from a "hold" rating to a "sell" rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. raised Century Communities from an "underweight" rating to a "neutral" rating and lowered their price target for the company from $110.00 to $97.00 in a report on Friday, December 13th. Zelman & Associates raised Century Communities to a "hold" rating in a report on Friday, January 31st. Finally, Wedbush reiterated a "neutral" rating and set a $93.00 price objective (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Century Communities presently has a consensus rating of "Hold" and a consensus price target of $103.00.

Century Communities Company Profile

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.