Crh Plc (NYSE:CRH) to Issue Quarterly Dividend of $0.39

Crh Plc (NYSE:CRH) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Friday, November 13th will be given a dividend of $0.39 per share by the construction company on Wednesday, December 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, November 13th.

CRH has raised its dividend payment by an average of 0.1% per year over the last three years. CRH has a dividend payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CRH to earn $6.55 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 23.8%.

CRH Price Performance

Shares of CRH stock traded down $0.64 during trading on Friday, hitting $89.98. 2,897,432 shares of the company were exchanged, compared to its average volume of 4,961,156. The firm has a market capitalization of $59.86 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31. The firm’s fifty day moving average price is $87.24 and its 200 day moving average price is $104.44. CRH has a 1-year low of $78.62 and a 1-year high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings data on Thursday, October 29th. The construction company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.03. CRH had a return on equity of 15.76% and a net margin of 9.93%. The company had revenue of $11.40 billion during the quarter, compared to analysts’ expectations of $11.56 billion. During the same period in the prior year, the firm earned $2.21 earnings per share. CRH’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, equities research analysts anticipate that CRH will post 5.83 earnings per share for the current year.

About CRH

CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its activities include the production and distribution of aggregates, asphalt, ready-mixed concrete, cement and other construction materials, as well as value-added products such as precast concrete, architectural products and site-development solutions.

The company serves customers across North America and Europe, including contractors, construction companies, infrastructure developers, distributors and public-sector organizations.