FirstCash Holdings, Inc. (FCFS) to Issue Quarterly Dividend of $0.38 on November 27th

FirstCash Holdings, Inc. (NASDAQ:FCFS) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Investors of record on Friday, November 15th will be given a dividend of 0.38 per share on Wednesday, November 27th. This represents a $1.52 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Friday, November 15th.

FirstCash has increased its dividend payment by an average of 8.0% per year over the last three years. FirstCash has a dividend payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect FirstCash to earn $7.80 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 19.5%.

FirstCash Price Performance

FCFS stock traded up $3.28 during midday trading on Friday, reaching $105.54. The stock had a trading volume of 748,245 shares, compared to its average volume of 245,195. The company’s fifty day simple moving average is $115.50 and its 200 day simple moving average is $114.91. The company has a current ratio of 4.03, a quick ratio of 3.04 and a debt-to-equity ratio of 0.85. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 19.93 and a beta of 0.62. FirstCash has a 52-week low of $100.39 and a 52-week high of $133.64.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.09. The company had revenue of $837.30 million for the quarter, compared to analyst estimates of $843.94 million. FirstCash had a return on equity of 14.90% and a net margin of 7.17%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.56 EPS. As a group, sell-side analysts predict that FirstCash will post 6.52 earnings per share for the current fiscal year.

Insider Buying and Selling at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $107.18, for a total value of $214,360.00. Following the transaction, the chief financial officer now owns 90,715 shares in the company, valued at approximately $9,722,833.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Monday, August 5th. The stock was sold at an average price of $107.18, for a total transaction of $214,360.00. Following the transaction, the chief financial officer now owns 90,715 shares in the company, valued at $9,722,833.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas Richard Rippel sold 7,316 shares of FirstCash stock in a transaction on Friday, August 30th. The stock was sold at an average price of $119.98, for a total value of $877,773.68. Following the transaction, the director now owns 4,735,843 shares in the company, valued at approximately $568,206,443.14. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,154 shares of company stock worth $1,912,562. Corporate insiders own 14.77% of the company’s stock.

About FirstCash

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.