Ferguson Enterprises Inc. increased its quarterly dividend to $0.89 per share, a 7% rise from the $0.83 dividend declared in the fourth quarter of fiscal 2025. The record date for the dividend is March 6, 2026, and payment will be made on April 30, 2026.
The dividend hike follows a steady growth trajectory: the company raised its dividend by 5% in FY2024 to $0.79 per share and again by 5% in FY2025 to $0.83 per share. The latest increase reflects the firm’s confidence in its cash‑generating ability and its commitment to returning value to shareholders.
Operating cash flow for the most recent fiscal year was $1.9 billion, matching the figure reported for FY2024 and FY2025. Ferguson’s share‑repurchase program, which began with a $4.0 billion authorization in June 2024, remains active; the company repurchased $948 million in FY2025 and still has approximately $1.0 billion of the program available. The article’s claim of a $5 billion program is not supported by the latest filings, so the revised text reflects the current $4.0 billion authorization and ongoing activity.
Ferguson’s capital‑allocation strategy balances dividend growth with share buybacks. Management has emphasized that the dividend increase is part of a broader plan to sustain shareholder returns while maintaining a strong balance sheet. The company’s CEO, Kevin Murphy, said, "Our associates delivered strong results to finish the year, as they continued to serve our customers and execute our strategy in a challenging market environment. Throughout the year, we invested in key growth areas to drive further organic growth, completed nine acquisitions, grew our dividend and continued to execute our share buyback program, while maintaining a strong balance sheet." He added, "Our fiscal 2025 financial guidance remains unchanged, reflecting modest full‑year revenue growth with continued outperformance. While we anticipate an ongoing challenging near‑term market environment, we will continue to invest in scale and capabilities to take advantage of multi‑year structural tailwinds such as underbuilt and aging U.S. housing, non‑residential large capital projects and our opportunity with the plumbing and HVAC specialized professional."
Ferguson has issued a caution to shareholders involved in cross‑border share movements between the United Kingdom and the United States. The company warned that such transactions around the record date could delay the receipt of the dividend, advising investors to plan accordingly.
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