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TORONTO - FirstService Corporation (NASDAQ:FSV), a leader in the North American property services sector, announced a quarterly cash dividend of US$0.275 per Common Share, payable on July 8, 2025, to shareholders of record as of June 30, 2025. This dividend is considered an "eligible dividend" for Canadian income tax purposes. According to InvestingPro data, the company has consistently raised its dividend for 10 consecutive years, with a current annual dividend yield of 0.64%.
FirstService, known for its substantial footprint in residential community management and essential property services, reported annual revenues exceeding $5.3 billion, with impressive year-over-year growth of 18.67%. The company employs roughly 30,000 people across North America. It prides itself on a management team with significant insider ownership, which has historically led to value creation and strong returns for shareholders. InvestingPro analysis shows the company maintains a strong financial health score of 2.89, with liquid assets exceeding short-term obligations.
The company’s shares are traded on both the NASDAQ and the Toronto Stock Exchange under the ticker "FSV" and are a component of the S&P/TSX 60 Index.
The announcement is based on a press release statement and includes forward-looking statements regarding expectations for future outcomes. However, these are subject to various risks and uncertainties that could cause actual results to differ materially. These risks are outlined in detail in the company’s annual information form for the year ended December 31, 2024, and its Annual Report on Form 40-F filed with the United States Securities and Exchange Commission.
Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their date of publication. FirstService has stated that it does not intend to update any forward-looking statements unless required by securities laws.
In other recent news, FirstService Corporation announced the results of its annual shareholders’ meeting, where all director nominees were elected to serve until the next meeting. Shareholders showed strong support for the board, with Yousry Bissada and Elizabeth Carducci receiving 98.814% of the votes, and even the nominee with the lowest support, Jay S. Hennick, garnered 89.257%. Additionally, PricewaterhouseCoopers LLP was approved as the company’s auditor for the upcoming year. A non-binding advisory resolution on executive compensation was also passed, reflecting shareholder approval of the company’s compensation approach. FirstService reported annual revenues exceeding US$5.2 billion, indicating robust financial performance. The company employs around 30,000 people across North America, underscoring its significant presence in the property services industry. These developments highlight FirstService’s continued focus on delivering shareholder value through strong governance and financial results.
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