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Ferguson Share Price Soars 6% to Log All-Time Highs

Nigel Firth
Nigel Frith trader
Updated 29 Sep 2020

Practice Stock Trading

Shares of Ferguson (LON: FERG) soared 6% to print fresh record highs after the plumbing giant resumed dividend despite falling revenue.

Revenue fell 0.9% to $21.8 billion for the full-year ending 31 July, lower from $22 billion in the same period last year. Profit before tax dropped 4.8% to £1.26 billion, down from $1.3 billion in 2019.

Basic earnings per share fell 11.2% year-on-year to $4.28, from $4.81 in 2019.

Richard Hunter, head of markets at interactive investor, commented: “Ferguson has delivered an impressive performance for the year, particularly in light of the effects of the pandemic which have brought such difficulties elsewhere.

“Indeed, the most striking proof that the financial measures taken have been successful, as well as signposting confidence in future prospects is the full restoration of the dividend.”

Due to “excellent operating cash generation,” Ferguson said it will pay a final dividend of $2.08 as it reported “better than expected trading”. This is higher than a final dividend of $1.45 paid in 2019.

Ferguson share price rose to record highs after the final dividend was reinstalled September 2020

Ferguson share price jumped around 6% to trade at a new all-time high of 7946p.


Nigel Firth
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.