Posted by: Market Watch in Market Information 2 hours in the past Shares of Emcor Group Inc. rose 0.6% in afternoon buying and selling Wedn
Shares of Emcor Group Inc. rose 0.6% in afternoon buying and selling Wednesday, after the mechanical and electrical development and constructing providers firm introduced plans to spice up its quarterly dividend by 62.5%, to 13 cents a share from eight cents a share. The corporate expects to pay the brand new dividend on Jan. 29 to shareholders of document on Jan. 19. Chief Government Tony Guzzi mentioned the dividend was being raised due to “confidence within the monetary power and futures prospects of Emcore in 2021 and past.” Primarily based on present inventory costs, the brand new annual dividend fee implies a dividend yield of 0.58%, which compares with the implied yield for the S&P 500 of 1.56%. The inventory has edged up 4.3% yr up to now, whereas the S&P 500 has gained 14.7%.Market Pulse Tales are Fast-fire, quick information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra data on this information.
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