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

Ferguson plc (NYSE:FERG) declared a quarterly dividend on Wednesday, February 18th. Investors of record on Friday, March 6th will be given a dividend of 0.89 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, March 6th.

Ferguson has increased its dividend payment by an average of 0.1%per year over the last three years. Ferguson has a payout ratio of 33.4% indicating that its dividend is sufficiently covered by earnings.

Ferguson Price Performance

Shares of NYSE FERG traded down $2.11 during mid-day trading on Thursday, hitting $257.89. 76,542 shares of the stock traded hands, compared to its average volume of 1,267,753. The firm has a 50 day simple moving average of $242.55 and a two-hundred day simple moving average of $238.46. The company has a market cap of $50.43 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 2.15 and a beta of 1.18. Ferguson has a twelve month low of $146.00 and a twelve month high of $271.64. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.88 and a quick ratio of 1.01.

Ferguson (NYSE:FERG) last posted its earnings results on Tuesday, December 9th. The company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.07. The firm had revenue of $8.17 billion for the quarter. Ferguson had a net margin of 6.28% and a return on equity of 35.73%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.45 earnings per share.

Institutional Trading of Ferguson

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Leonteq Securities AG bought a new stake in Ferguson during the fourth quarter worth $26,000. Basepoint Wealth LLC purchased a new position in Ferguson in the fourth quarter valued at about $26,000. Central Pacific Bank Trust Division bought a new stake in shares of Ferguson in the fourth quarter valued at $27,000. True Wealth Design LLC boosted its stake in Ferguson by 145.3% in the 2nd quarter. True Wealth Design LLC now owns 130 shares of the company’s stock worth $28,000 after purchasing an additional 77 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Ferguson during the 3rd quarter worth approximately $28,000. 81.98% of the stock is owned by institutional investors.

About Ferguson

Ferguson (NYSE: FERG) is a multinational distributor specializing in plumbing and heating products and related building supplies, serving professional contractors, builders and industrial customers. The company supplies a broad range of products used in residential, commercial and infrastructure projects, including pipes and fittings, valves and controls, HVAC equipment, waterworks materials, plumbing fixtures, pumps and accessories, as well as complementary electrical and specialty product lines.

Ferguson operates a network of branches and distribution centers that provide inventory, logistics and value-added services to trade customers.