Century Communities, Inc. (NYSE:CCS) to Issue $0.29 Quarterly Dividend

Century Communities, Inc. (NYSE:CCS) declared a quarterly dividend on Wednesday, August 13th, RTT News reports. Investors of record on Wednesday, August 27th will be paid a dividend of 0.29 per share by the construction company on Wednesday, September 10th. This represents a c) dividend on an annualized basis and a yield of 1.7%.

Century Communities has a payout ratio of 15.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Century Communities to earn $11.62 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 10.0%.

Century Communities Trading Up 5.1%

NYSE:CCS opened at $66.30 on Thursday. The business’s 50-day moving average is $58.04 and its two-hundred day moving average is $62.01. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.55 and a quick ratio of 0.55. Century Communities has a 12 month low of $50.42 and a 12 month high of $108.42. The firm has a market capitalization of $1.97 billion, a PE ratio of 8.10 and a beta of 1.41.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, July 23rd. The construction company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. Century Communities had a return on equity of 10.99% and a net margin of 6.03%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $910.70 million. During the same period in the previous year, the company earned $2.65 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. Research analysts predict that Century Communities will post 11.07 earnings per share for the current fiscal year.

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.