AECOM (ACM) Declares $0.18 Dividend
AECOM said on June 7, 2023 that its board of directors declared a regular quarterly dividend of $0.18 per share ($0.72 annualized). Previously, the company paid $0.18 per share.
Shares must be purchased before the ex-div date of July 5, 2023 to qualify for the dividend. Shareholders of record as of July 6, 2023 will receive the payment on July 21, 2023.
At the current share price of $83.09 / share, the stock's dividend yield is 0.87%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.51%, the lowest has been 0.68%, and the highest has been 2.94%. The standard deviation of yields is 0.60 (n=237).
The current dividend yield is 1.08 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.27. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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What is the Fund Sentiment?
There are 990 funds or institutions reporting positions in AECOM. This is an increase of 73 owner(s) or 7.96% in the last quarter. Average portfolio weight of all funds dedicated to ACM is 0.29%, a decrease of 7.03%. Total shares owned by institutions decreased in the last three months by 3.12% to 139,399K shares. 
The put/call ratio of ACM is 0.90, indicating a bullish outlook.
Analyst Price Forecast Suggests 23.25% Upside
As of June 1, 2023, the average one-year price target for AECOM is 102.41. The forecasts range from a low of 94.94 to a high of $110.25. The average price target represents an increase of 23.25% from its latest reported closing price of 83.09.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for AECOM is 14,009MM, an increase of 3.46%. The projected annual non-GAAP EPS is 3.72.
What are Other Shareholders Doing?
Primecap Management holds 16,117K shares representing 11.59% ownership of the company. In it's prior filing, the firm reported owning 17,590K shares, representing a decrease of 9.14%. The firm decreased its portfolio allocation in ACM by 13.36% over the last quarter.
Pictet Asset Management holds 5,899K shares representing 4.24% ownership of the company. In it's prior filing, the firm reported owning 5,780K shares, representing an increase of 2.02%. The firm decreased its portfolio allocation in ACM by 12.35% over the last quarter.
Starboard Value holds 5,386K shares representing 3.87% ownership of the company. In it's prior filing, the firm reported owning 6,974K shares, representing a decrease of 29.49%. The firm decreased its portfolio allocation in ACM by 19.39% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 4,287K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 4,313K shares, representing a decrease of 0.61%. The firm decreased its portfolio allocation in ACM by 5.55% over the last quarter.
Barrow Hanley Mewhinney & Strauss holds 4,231K shares representing 3.04% ownership of the company. In it's prior filing, the firm reported owning 4,565K shares, representing a decrease of 7.90%. The firm decreased its portfolio allocation in ACM by 5.17% over the last quarter.
AECOM Background Information
(This description is provided by the company.)
AECOM is built to deliver a better world. AECOM designs, builds, finances and operates critical infrastructure assets for governments, businesses and organisations. As a fully integrated firm, AECOM connects knowledge and experience across its global network of experts to help clients solve their most complex challenges. From high-performance buildings and infrastructure, to resilient communities and environments, to stable and secure nations, AECOM's work is transformative, differentiated and vital. A Fortune 500 firm, AECOM had revenue of approximately $20.2 billion during fiscal year 2018.
Key filings for this company:
This story originally appeared on Fintel.