EMCOR Group, Inc. (NYSE:EME – Get Free Report) declared a quarterly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.40 per share by the construction company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, July 15th.
EMCOR Group has raised its dividend by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 5 years. EMCOR Group has a payout ratio of 6.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect EMCOR Group to earn $32.83 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 4.9%.
EMCOR Group Trading Down 3.0%
Shares of NYSE EME traded down $25.07 during mid-day trading on Wednesday, hitting $804.81. The company had a trading volume of 342,350 shares, compared to its average volume of 387,382. The firm has a 50-day simple moving average of $857.69 and a two-hundred day simple moving average of $766.92. The company has a market capitalization of $35.77 billion, a PE ratio of 27.00 and a beta of 1.12. EMCOR Group has a one year low of $529.04 and a one year high of $951.96.
About EMCOR Group
EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.
EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.
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