FirstService Declares Increase To Quarterly Cash Dividend From $0.225 To $0.25 Per Share
Portfolio Pulse from Benzinga Newsdesk
FirstService Corporation (NASDAQ:FSV) announced an 11% increase in its quarterly cash dividend from $0.225 to $0.25 per share, payable on April 5, 2024, to shareholders of record as of March 29, 2024. This increase raises the annualized dividend to $1.00 from the previous $0.90, continuing a track record of over 10% annual dividend growth. The company attributes this growth to its strong free cash flow and a business model focused on growth, allowing for capital return to shareholders while maintaining financial flexibility and a conservative balance sheet.
February 05, 2024 | 4:01 pm
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FirstService Corporation announced an 11% increase in its quarterly dividend, raising it from $0.225 to $0.25 per share, with the new annualized rate at $1.00. This reflects the company's strong free cash flow and growth-focused business model.
The increase in dividend is a positive signal to investors, indicating FirstService's strong financial health and commitment to returning value to shareholders. This is likely to be viewed positively by the market, potentially leading to a short-term uptick in FSV's stock price as it may attract dividend investors and boost shareholder confidence.
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IMPORTANCE 90
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