FirstService Corporation Announces New Cash Dividend Plan
FirstService Corporation Declares Quarterly Cash Dividend
FirstService Corporation (NASDAQ: FSV; TSX: FSV) has taken a significant step by declaring a quarterly cash dividend of US$0.275 per Common Share. This decision, made by the Board of Directors, reflects the company's commitment to returning value to its shareholders.
Details of the Cash Dividend Announcement
The cash dividend is scheduled for payment on July 8 to those holding Common Shares at the close of business on June 30. This dividend qualifies as an "eligible dividend" under Canadian income tax laws, which is beneficial for Canadian investors. By offering this dividend, FirstService underlines its strong financial position and its ongoing strategy to reward shareholders.
About FirstService Corporation
FirstService Corporation is a key player in the North American property services industry. The company operates primarily through two leading platforms: FirstService Residential, known for being the largest property manager for residential communities, and FirstService Brands, which offers a suite of essential property services recognized across North America.
Financial Strength and Market Presence
With more than $5.3 billion in annual revenues, FirstService has established itself as a robust entity in the market with around 30,000 employees. The company’s significant insider ownership, coupled with a well-experienced management team, positions FirstService as a firm that consistently creates value and delivers superior returns for its shareholders. The Common Shares are actively traded on both the NASDAQ and the Toronto Stock Exchange under the ticker symbol "FSV" and are a noteworthy component of the S&P/TSX 60 Index.
Looking Ahead for FirstService Corporation
FirstService remains focused on maintaining its strong market position and continuing its successful operations. The firm is dedicated to executing its business strategies, which include potential acquisitions. Their business model leverages both company-owned operations and franchise systems to expand their reach and enhance service delivery.
Company Contacts for Further Information
For those interested in learning more about FirstService Corporation’s trajectory or its dividend policies, the company provides contact information for its executives:
Chief Executive Officer
D. Scott Patterson
(416) 960-9566
Chief Financial Officer
Jeremy Rakusin
(416) 960-9566
Frequently Asked Questions
What is the declared dividend amount for FirstService Corporation?
The Board of Directors declared a quarterly cash dividend of US$0.275 per Common Share.
When will the dividend be paid?
The dividend is scheduled for payment on July 8 to shareholders on record as of June 30.
Is the dividend eligible for Canadian tax benefits?
Yes, the dividend qualifies as an "eligible dividend" under Canadian income tax laws.
What are the key service areas of FirstService Corporation?
FirstService operates primarily through FirstService Residential and FirstService Brands, serving the property services sector across North America.
Where can I find more information about FirstService Corporation?
Additional information can be found on their official website at www.firstservice.com.
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