FirstCash Holdings, Inc. (NASDAQ:FCFS) Announces $0.42 Quarterly Dividend

FirstCash Holdings, Inc. (NASDAQ:FCFS) declared a quarterly dividend on Thursday, February 5th. Stockholders of record on Wednesday, February 18th will be given a dividend of 0.42 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, February 18th.

FirstCash has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 8 consecutive years. FirstCash has a payout ratio of 18.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FirstCash to earn $8.99 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 18.7%.

FirstCash Trading Up 3.3%

Shares of FCFS stock opened at $177.65 on Friday. The company has a current ratio of 4.99, a quick ratio of 3.72 and a debt-to-equity ratio of 1.01. FirstCash has a twelve month low of $109.51 and a twelve month high of $181.00. The company’s 50-day moving average price is $164.46 and its 200-day moving average price is $153.71. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 25.63 and a beta of 0.49.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, February 5th. The company reported $2.64 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.10. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.01 billion. FirstCash had a net margin of 8.88% and a return on equity of 17.44%. FirstCash’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.12 earnings per share. As a group, equities analysts predict that FirstCash will post 7.7 earnings per share for the current year.

FirstCash Company Profile

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.