FirstService Co. (TSE:FSV) Announces Quarterly Dividend of $0.35

FirstService Co. (TSE:FSV) (NASDAQ:FSV) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.345 per share on Friday, July 5th. This represents a $1.38 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Friday, June 28th. This is a boost from FirstService’s previous quarterly dividend of $0.34.

FirstService Trading Down 1.4 %

Shares of FSV opened at C$204.99 on Thursday. The company has a 50-day moving average of C$204.52 and a 200 day moving average of C$214.81. The company has a debt-to-equity ratio of 105.61, a current ratio of 1.84 and a quick ratio of 1.25. FirstService has a 1-year low of C$187.25 and a 1-year high of C$231.73. The firm has a market capitalization of C$9.22 billion, a price-to-earnings ratio of 74.54, a PEG ratio of 107.75 and a beta of 0.92.

FirstService (TSE:FSV) (NASDAQ:FSV) last issued its quarterly earnings data on Wednesday, April 24th. The company reported C$0.75 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.04). The company had revenue of C$1.56 billion for the quarter, compared to the consensus estimate of C$1.53 billion. FirstService had a net margin of 2.03% and a return on equity of 10.81%. On average, research analysts expect that FirstService will post 6.5524661 EPS for the current year.

Insider Transactions at FirstService

In related news, Director Joan Eloise Sproul sold 150 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of C$206.15, for a total transaction of C$30,922.50. Following the transaction, the director now directly owns 750 shares in the company, valued at approximately C$154,612.50. In related news, Director Joan Eloise Sproul sold 150 shares of FirstService stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of C$206.15, for a total transaction of C$30,922.50. Following the completion of the transaction, the director now directly owns 750 shares in the company, valued at C$154,612.50. Also, Senior Officer Douglas G. Cooke sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of C$209.60, for a total value of C$419,200.00. Over the last three months, insiders have sold 3,250 shares of company stock valued at $676,679. Corporate insiders own 10.29% of the company’s stock.

About FirstService

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.