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NEWPORT NEWS, Va. - Ferguson Enterprises Inc. (NYSE:FERG; LSE:FERG), a $42.9 billion market cap leader in the Trading Companies & Distributors industry, has set the currency exchange rate for holders of depositary interests who will receive their recently declared dividend in British pounds. According to InvestingPro data, the company maintains a healthy 1.53% dividend yield with 5.06% dividend growth over the last twelve months.
The company announced that depositary interest holders within the CREST system will receive payment at an exchange rate of 1.3404 GBP/USD for the $0.83 per share dividend.
Ferguson previously announced the dividend on May 29, 2025. The payment will be distributed on August 6, 2025, to stockholders of record as of the close of business on June 20, 2025.
Holders of depositary interests will receive pounds sterling as the default currency unless they elect to receive payment in an alternative currency, according to the company’s press release.
The dividend information and currency options for depositary interest holders are available on Ferguson’s investor relations website in the shareholder center section under dividends and dividend history.
Ferguson Enterprises is dual-listed on the New York Stock Exchange and London Stock Exchange.
In other recent news, Ferguson Plc reported a 5% organic growth in its third-quarter fiscal 2025 results, with a notable expansion in gross margins by 50 basis points year-over-year. Goldman Sachs initiated coverage on Ferguson with a buy rating, citing improved pricing trends and execution, and set a price target of $280.00. Morgan Stanley also increased its price target for Ferguson to $220.00, maintaining an Overweight rating due to anticipated stronger organic growth and enhanced margin forecasts. Meanwhile, Berenberg downgraded Ferguson’s stock to Hold from Buy, despite raising its price target to $215, as they believe the stock is trading at fair value following a significant share price increase. UBS raised its price target to $204 from $173, maintaining a Neutral rating, and highlighted improved revenue and margin expectations. RBC Capital increased its price target to $231 and kept an Outperform rating, emphasizing Ferguson’s strong third-quarter results and future growth potential. These developments reflect a range of perspectives from analysts on Ferguson’s financial performance and market position.
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