FirstService Co. (NASDAQ:FSV) Plans Quarterly Dividend of $0.28

FirstService Co. (NASDAQ:FSV - Get Free Report) TSE: FSV declared a quarterly dividend on Tuesday, February 4th,RTT News reports. Investors of record on Monday, March 31st will be paid a dividend of 0.275 per share by the financial services provider on Wednesday, May 7th. This represents a $1.10 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Monday, March 31st. This is an increase from FirstService's previous quarterly dividend of $0.25.

FirstService has raised its dividend payment by an average of 11.1% annually over the last three years. FirstService has a payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect FirstService to earn $5.28 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 18.9%.

FirstService Price Performance

NASDAQ:FSV traded up $1.60 during midday trading on Friday, hitting $173.03. 178,948 shares of the stock were exchanged, compared to its average volume of 135,025. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 72.10 and a beta of 1.06. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.13. FirstService has a one year low of $141.26 and a one year high of $197.84. The business has a 50-day moving average price of $183.71 and a two-hundred day moving average price of $181.78.

Wall Street Analyst Weigh In

Several research firms recently commented on FSV. TD Securities increased their target price on shares of FirstService from $179.00 to $182.00 and gave the company a "hold" rating in a research note on Thursday, October 17th. Stifel Nicolaus raised their price objective on FirstService from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Raymond James boosted their target price on FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. StockNews.com upgraded FirstService from a "hold" rating to a "buy" rating in a research report on Friday, October 25th. Finally, Scotiabank boosted their price objective on FirstService from $190.00 to $200.00 and gave the stock a "sector perform" rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $201.67.

FirstService Company Profile

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.