Emcor Group Inc (EME) Q4 2020 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Emcor to boost dividend by 63%
Shares of Emcor Group Inc. rose 0.6% in afternoon trading Wednesday, after the mechanical and electrical construction and building services company announced plans to boost its quarterly dividend by 62.5%, to 13 cents a share from 8 cents a share. The company expects to pay the new dividend on Jan. 29 to shareholders of record on Jan. 19. Chief Executive Tony Guzzi said the dividend was being raised because of “confidence in the financial strength and futures prospects of Emcore in 2021 and beyond.” Based on current stock prices, the new annual dividend rate implies a dividend yield of 0.58%, which compares with the implied yield for the S&P 500 of 1.56%. The stock has edged up 4.3% year to date, while the S&P 500 has gained 14.7%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Emcor to boost dividend by 63% - MarketWatch marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.