EMCOR Group, Inc. (NYSE:EME) Announces Quarterly Dividend of $0.25

EMCOR Group, Inc. (NYSE:EME) announced a quarterly dividend on Wednesday, July 3rd, Zacks reports. Shareholders of record on Monday, July 15th will be given a dividend of 0.25 per share by the construction company on Tuesday, July 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Monday, July 15th.

EMCOR Group has increased its dividend by an average of 29.2% per year over the last three years. EMCOR Group has a payout ratio of 5.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect EMCOR Group to earn $17.15 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 5.8%.

EMCOR Group Trading Up 4.0 %

Shares of NYSE EME traded up $14.23 during midday trading on Thursday, reaching $371.09. The company’s stock had a trading volume of 381,407 shares, compared to its average volume of 465,710. The company has a 50 day moving average price of $376.87 and a 200 day moving average price of $312.50. EMCOR Group has a one year low of $180.63 and a one year high of $401.98. The company has a market cap of $17.44 billion, a price-to-earnings ratio of 24.48 and a beta of 1.06.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $1.25. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. The business had revenue of $3.43 billion for the quarter. Research analysts anticipate that EMCOR Group will post 16.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a “buy” rating and set a $375.00 price target on shares of EMCOR Group in a report on Friday, March 22nd.

Insider Activity

In related news, Director Carol P. Lowe sold 1,245 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $374.23, for a total transaction of $465,916.35. Following the transaction, the director now directly owns 16,807 shares of the company’s stock, valued at $6,289,683.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.26% of the stock is owned by company insiders.

About EMCOR Group

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.