Emcor Group Inc (NYSE:EME) announced a quarterly dividend on Monday, July 8th, RTT News reports. Shareholders of record on Friday, July 19th will be paid a dividend of 0.08 per share by the construction company on Tuesday, July 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Thursday, July 18th.
Emcor Group has raised its dividend payment by an average of 10.1% per year over the last three years. Emcor Group has a dividend payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Emcor Group to earn $5.79 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 5.5%.
Shares of Emcor Group stock opened at $87.74 on Tuesday. The company has a market capitalization of $4.89 billion, a PE ratio of 16.61, a P/E/G ratio of 1.07 and a beta of 1.19. The company has a quick ratio of 1.36, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average is $84.99. Emcor Group has a 12-month low of $57.29 and a 12-month high of $89.54.
In related news, Chairman Anthony Guzzi sold 12,314 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $78.07, for a total value of $961,353.98. Following the completion of the transaction, the chairman now directly owns 394,190 shares in the company, valued at $30,774,413.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark A. Pompa sold 8,000 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $80.00, for a total value of $640,000.00. The disclosure for this sale can be found here. Insiders sold 32,314 shares of company stock valued at $2,621,354 over the last three months. 1.90% of the stock is owned by company insiders.
Several equities research analysts have recently weighed in on EME shares. Zacks Investment Research cut Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Maxim Group set a $73.00 price objective on Emcor Group and gave the company a “hold” rating in a research report on Friday, April 26th. Finally, ValuEngine cut Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th.
About Emcor Group
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.
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