FirstCash Holdings, Inc. to Issue Quarterly Dividend of $0.42 (NASDAQ:FCFS)

FirstCash Holdings, Inc. (NASDAQ:FCFS) announced a quarterly dividend on Thursday, July 23rd. Investors of record on Friday, August 14th will be given a dividend of 0.42 per share on Friday, August 28th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 14th.

FirstCash has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 8 consecutive years. FirstCash has a dividend payout ratio of 18.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FirstCash to earn $12.34 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 13.6%.

FirstCash Stock Performance

FirstCash stock opened at $197.41 on Friday. FirstCash has a 12-month low of $119.21 and a 12-month high of $235.97. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.77 and a quick ratio of 3.42. The company has a market capitalization of $8.65 billion, a price-to-earnings ratio of 24.74 and a beta of 0.53. The firm’s fifty day moving average price is $220.18 and its 200 day moving average price is $201.13.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.11. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm earned $1.34 earnings per share. The company’s revenue was up 29.4% on a year-over-year basis. On average, research analysts forecast that FirstCash will post 11.33 EPS for the current fiscal year.

FirstCash Company Profile

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.