Comfort Systems USA, Inc. (FIX) to Issue Quarterly Dividend of $0.90 on August 24th

Comfort Systems USA, Inc. (NYSE:FIX) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Thursday, August 13th will be given a dividend of 0.90 per share by the construction company on Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, August 13th. This is a 12.5% increase from Comfort Systems USA’s previous quarterly dividend of $0.80.

Comfort Systems USA has increased its dividend payment by an average of 0.4%annually over the last three years and has raised its dividend every year for the last 13 years. Comfort Systems USA has a dividend payout ratio of 15.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Comfort Systems USA to earn $52.93 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 6.0%.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $1,728.75 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The firm has a market cap of $60.85 billion, a price-to-earnings ratio of 42.52 and a beta of 1.66. The business’s 50-day simple moving average is $1,835.76 and its 200-day simple moving average is $1,568.67. Comfort Systems USA has a 52 week low of $648.23 and a 52 week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping the consensus estimate of $10.45 by $2.08. The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a return on equity of 57.40% and a net margin of 12.77%.The company’s revenue for the quarter was up 50.3% on a year-over-year basis. During the same period in the previous year, the company earned $6.53 EPS. As a group, equities research analysts expect that Comfort Systems USA will post 43.39 earnings per share for the current fiscal year.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.