Ferguson plc (NYSE:FERG) Declares $0.89 Quarterly Dividend

Ferguson plc (NYSE:FERG) announced a quarterly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be paid a dividend of 0.89 per share on Wednesday, July 8th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, May 15th.

Ferguson has increased its dividend payment by an average of 0.0%annually over the last three years. Ferguson has a dividend payout ratio of 33.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Ferguson to earn $12.44 per share next year, which means the company should continue to be able to cover its $3.56 annual dividend with an expected future payout ratio of 28.6%.

Ferguson Price Performance

Shares of Ferguson stock traded down $3.58 during midday trading on Friday, hitting $264.13. 1,204,997 shares of the company traded hands, compared to its average volume of 1,283,779. The stock has a market cap of $51.34 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.01 and a beta of 1.21. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.88. The firm’s fifty day moving average price is $243.92 and its 200-day moving average price is $243.73. Ferguson has a 12 month low of $166.04 and a 12 month high of $271.64.

Ferguson (NYSE:FERG) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $1.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.24 by ($0.25). Ferguson had a net margin of 6.93% and a return on equity of 40.37%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 EPS. As a group, sell-side analysts forecast that Ferguson will post 11.2 earnings per share for the current year.

Ferguson Company Profile

Ferguson (NYSE: FERG) is a multinational distributor specializing in plumbing and heating products and related building supplies, serving professional contractors, builders and industrial customers. The company supplies a broad range of products used in residential, commercial and infrastructure projects, including pipes and fittings, valves and controls, HVAC equipment, waterworks materials, plumbing fixtures, pumps and accessories, as well as complementary electrical and specialty product lines.

Ferguson operates a network of branches and distribution centers that provide inventory, logistics and value-added services to trade customers.