FirstCash Holdings, Inc. (NASDAQ:FCFS) to Issue Quarterly Dividend of $0.38

FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.38 per share on Wednesday, November 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Friday, November 15th.

FirstCash has increased its dividend payment by an average of 8.0% annually over the last three years. FirstCash has a payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect FirstCash to earn $7.80 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 19.5%.

FirstCash Stock Up 3.2 %

NASDAQ FCFS traded up $3.28 during trading hours on Friday, reaching $105.54. 748,245 shares of the company's stock traded hands, compared to its average volume of 245,195. FirstCash has a 52-week low of $100.39 and a 52-week high of $133.64. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.03 and a quick ratio of 3.04. The firm has a 50-day simple moving average of $115.50 and a 200 day simple moving average of $114.91. The firm has a market cap of $4.80 billion, a PE ratio of 19.93 and a beta of 0.62.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.09. FirstCash had a net margin of 7.17% and a return on equity of 14.90%. The firm had revenue of $837.30 million during the quarter, compared to analyst estimates of $843.94 million. During the same period last year, the business earned $1.56 earnings per share. The business's revenue was up 6.5% on a year-over-year basis. Sell-side analysts anticipate that FirstCash will post 6.52 EPS for the current fiscal year.

Insider Transactions at FirstCash

In other FirstCash news, Director Douglas Richard Rippel sold 3,374 shares of the firm's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $119.94, for a total transaction of $404,677.56. Following the completion of the sale, the director now directly owns 4,731,869 shares in the company, valued at approximately $567,540,367.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $107.18, for a total transaction of $214,360.00. Following the sale, the chief financial officer now directly owns 90,715 shares of the company's stock, valued at $9,722,833.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Douglas Richard Rippel sold 3,374 shares of the business's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $119.94, for a total value of $404,677.56. Following the completion of the transaction, the director now directly owns 4,731,869 shares of the company's stock, valued at approximately $567,540,367.86. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,154 shares of company stock valued at $1,912,562. Insiders own 14.77% of the company's stock.

About FirstCash

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.