FirstService Corp (FSV) to Issue Quarterly Dividend of $0.14

FirstService Corp (NASDAQ:FSV) (TSE:FSV) declared a quarterly dividend on Wednesday, February 7th, Wall Street Journal reports. Investors of record on Thursday, March 29th will be given a dividend of 0.135 per share by the financial services provider on Friday, April 6th. This represents a $0.54 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from FirstService’s previous quarterly dividend of $0.12.

FirstService (NASDAQ FSV) opened at $67.00 on Thursday. FirstService has a 1 year low of $50.89 and a 1 year high of $74.49. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $2,329.26, a PE ratio of 52.32 and a beta of 0.59.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. FirstService had a net margin of 2.74% and a return on equity of 24.16%. The company had revenue of $438.10 million during the quarter, compared to analysts’ expectations of $416.13 million. During the same quarter in the prior year, the company earned $0.41 EPS. FirstService’s revenue was up 15.0% compared to the same quarter last year. analysts forecast that FirstService will post 1.91 earnings per share for the current year.

FSV has been the subject of several research reports. BidaskClub raised shares of FirstService from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Scotiabank cut shares of FirstService from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 26th. Royal Bank of Canada cut shares of FirstService from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $71.00 to $75.00 in a research note on Thursday, October 26th. Zacks Investment Research cut shares of FirstService from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, William Blair reaffirmed a “market perform” rating on shares of FirstService in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. FirstService presently has an average rating of “Hold” and a consensus price target of $69.20.

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FirstService Company Profile

Firstservice Corporation is a provider of residential property management and other essential property services to residential and commercial customers. The Company operates through two segments: FirstService Residential and FirstService Brands. FirstService Residential is a property manager and provides ancillary services in the areas of on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, and landscaping; banking and insurance products, and energy conservation and management solutions.

Dividend History for FirstService (NASDAQ:FSV)

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