Comfort Systems USA (FIX) Declares $0.25 Dividend
Comfort Systems USA said on February 22, 2024 that its board of directors declared a regular quarterly dividend of $0.25 per share ($1.00 annualized). Previously, the company paid $0.25 per share.
Shares must be purchased before the ex-div date of March 7, 2024 to qualify for the dividend. Shareholders of record as of March 8, 2024 will receive the payment on March 19, 2024.
At the current share price of $305.73 / share, the stock's dividend yield is 0.33%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.69%, the lowest has been 0.35%, and the highest has been 1.40%. The standard deviation of yields is 0.21 (n=233).
The current dividend yield is 1.74 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.11. 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.
- Read the Ultimate Guide to Dividend Harvesting.
The company's 3-Year dividend growth rate is 1.17%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 937 funds or institutions reporting positions in Comfort Systems USA. This is an increase of 105 owner(s) or 12.62% in the last quarter. Average portfolio weight of all funds dedicated to FIX is 0.37%, an increase of 5.17%. Total shares owned by institutions increased in the last three months by 1.01% to 44,435K shares. 
The put/call ratio of FIX is 1.00, indicating a bullish outlook.
Analyst Price Forecast Suggests 24.18% Downside
As of February 24, 2024, the average one-year price target for Comfort Systems USA is 231.80. The forecasts range from a low of 202.00 to a high of $266.70. The average price target represents a decrease of 24.18% from its latest reported closing price of 305.73.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Comfort Systems USA is 4,636MM, a decrease of 10.96%. The projected annual non-GAAP EPS is 6.97.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 2,416K shares representing 6.79% ownership of the company. In it's prior filing, the firm reported owning 2,505K shares, representing a decrease of 3.70%. The firm increased its portfolio allocation in FIX by 3.82% over the last quarter.
SMCWX - SMALLCAP WORLD FUND INC holds 2,173K shares representing 6.11% ownership of the company. In it's prior filing, the firm reported owning 2,279K shares, representing a decrease of 4.88%. The firm increased its portfolio allocation in FIX by 1.72% over the last quarter.
Capital World Investors holds 1,702K shares representing 4.78% ownership of the company. In it's prior filing, the firm reported owning 1,766K shares, representing a decrease of 3.75%. The firm increased its portfolio allocation in FIX by 4.45% over the last quarter.
Invesco holds 1,255K shares representing 3.53% ownership of the company. In it's prior filing, the firm reported owning 1,317K shares, representing a decrease of 4.95%. The firm increased its portfolio allocation in FIX by 1.60% over the last quarter.
Baillie Gifford holds 1,146K shares representing 3.22% ownership of the company. In it's prior filing, the firm reported owning 1,188K shares, representing a decrease of 3.63%. The firm increased its portfolio allocation in FIX by 1.15% over the last quarter.
Comfort Systems USA Background Information
(This description is provided by the company.)
Comfort Systems USA® is a premier provider of business solutions addressing workplace comfort, with 139 locations in 114 cities around the nation.
Additional reading:
- Quality People. Building Solutions. NYSE: FIX February 23, 2024
- COMFORT SYSTEMS USA REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS
- COMFORT SYSTEMS USA DECLARES QUARTERLY DIVIDEND
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