FirstService Corp (NASDAQ:FSV) Declares Quarterly Dividend of $0.15

FirstService Corp (NASDAQ:FSV) (TSE:FSV) announced a quarterly dividend on Wednesday, December 4th, Wall Street Journal reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.15 per share by the financial services provider on Wednesday, January 8th. This represents a $0.60 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Monday, December 30th.

NASDAQ:FSV traded up $0.20 during trading hours on Wednesday, hitting $91.05. 635,972 shares of the stock were exchanged, compared to its average volume of 41,561. The company’s 50 day moving average is $93.42 and its two-hundred day moving average is $97.72. FirstService has a twelve month low of $64.87 and a twelve month high of $111.08. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 4.13. The company has a market capitalization of $3.57 billion, a P/E ratio of 50.58 and a beta of 0.82.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.13. FirstService had a positive return on equity of 26.02% and a negative net margin of 10.98%. The firm had revenue of $672.30 million for the quarter, compared to the consensus estimate of $672.71 million. During the same quarter in the prior year, the business earned $0.89 EPS. The business’s revenue for the quarter was up 32.8% compared to the same quarter last year. On average, equities research analysts expect that FirstService will post 1.88 EPS for the current year.

FSV has been the topic of several research reports. Raymond James reaffirmed a “market perform” rating and set a $95.00 price objective on shares of FirstService in a report on Friday, October 25th. Royal Bank of Canada reduced their price objective on FirstService from $110.00 to $106.00 and set a “sector perform” rating on the stock in a report on Thursday, October 24th. TD Securities reduced their price objective on FirstService from $110.00 to $105.00 and set a “hold” rating on the stock in a report on Friday, October 25th. ValuEngine downgraded FirstService from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BidaskClub downgraded FirstService from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $106.00.

About FirstService

FirstService Corporation, together with its subsidiaries, provides residential property services to residential and commercial customers in the United States and Canada. The company operates through two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment provides property management 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.

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Dividend History for FirstService (NASDAQ:FSV)

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