Ferguson plc (NYSE:FERG) Shares to Pay Quarterly Dividend of $0.89

Ferguson plc (NYSE:FERG) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Friday, November 20th will be given a dividend of $0.89 per share on Friday, January 8th. This represents a $3.56 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, November 20th.

Ferguson has a dividend payout ratio of 33.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ferguson to earn $12.72 per share next year, which means the company should continue to be able to cover its $3.56 annual dividend with an expected future payout ratio of 28.0%.

Ferguson Stock Up 2.6%

FERG opened at $248.36 on Thursday. The stock has a market capitalization of $48.05 billion, a P/E ratio of 29.18, a P/E/G ratio of 1.75 and a beta of 1.11. Ferguson has a 12 month low of $212.13 and a 12 month high of $271.64. The business has a 50 day simple moving average of $225.41 and a 200-day simple moving average of $237.27. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.73 and a quick ratio of 0.93.

Ferguson (NYSE:FERG) last announced its quarterly earnings results on Monday, August 10th. The company reported $3.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.16. Ferguson had a net margin of 6.82% and a return on equity of 37.24%. The business had revenue of $8.75 billion during the quarter. On average, equities analysts anticipate that Ferguson will post 11.42 earnings per share for the current fiscal year.

Ferguson Company Profile

Ferguson plc (NYSE: FERG) is a value-added distributor of plumbing, heating, ventilation and air conditioning (HVAC), waterworks, fire protection and other building and industrial products. The company serves professional contractors, municipalities, commercial and industrial businesses, and other customers through a network of branches, distribution centers, showrooms and digital platforms.

Its product offering includes pipes, valves, fittings, plumbing fixtures, water and wastewater infrastructure products, HVAC equipment, fire protection systems, industrial supplies and related tools and services.