FirstService Declares 11% Increase to Quarterly Cash Dividend

Rhea-AI Summary

FirstService (FSV) announced an 11% increase to its quarterly cash dividend to US$0.305 per share, up from US$0.275, payable April 7, 2026 to holders of record at March 31, 2026. Annualized dividend rises to US$1.22 from US$1.10.

The company cites more than 10 years of annual dividend growth of at least 10%, a conservative balance sheet and continued free cash flow that support future shareholder returns. FirstService reports ~US$5.5 billion in annual revenue and >30,000 employees. Shares trade as FSV on NASDAQ and TSX.

Positive

• Quarterly dividend increased 11% to US$0.305 per share
• Annualized dividend up to US$1.22 from US$1.10
• 10+ years of at least 10% annual dividend growth
• Significant scale: approximately US$5.5 billion in annual revenue
• Large workforce: more than 30,000 employees across North America

Negative

• None.

TORONTO, Feb. 03, 2026 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) ("FirstService") announced today that its Board of Directors has approved an 11% increase in the quarterly cash dividend on the outstanding Common Shares of the Company and declared a quarterly dividend of US$0.305 per Common Share, up from the previous US$0.275 per Common Share. The dividend is payable on April 7, 2026 to holders of Common Shares of record at the close of business on March 31, 2026.

The Company’s dividend will be US$1.22 on an annualized basis, up from US$1.10 during the past year. For more than 10 years, FirstService has delivered annual dividend growth of at least 10%, supported by the long-term track record of strong earnings and free cash flow growth at the Company. As we continue to drive responsible growth while maintaining a conservative balance sheet, we retain the financial flexibility to raise dividends and deliver additional returns to our shareholders.

The dividend on Common Shares is an "eligible dividend" for Canadian income tax purposes.

About FirstService Corporation

FirstService Corporation is a North American leader in the property services sector, serving its customers through two industry-leading service platforms: FirstService Residential – North America's largest manager of residential communities; and FirstService Brands – one of North America's largest providers of essential property services delivered through individually branded company-owned operations and franchise systems.

FirstService generates approximately US$5.5 billion in annual revenues and has more than 30,000 employees across North America. With significant insider ownership and an experienced management team, FirstService has a long-term track record of creating value and superior returns for shareholders. The Common Shares of FirstService trade on the NASDAQ and the Toronto Stock Exchange under the symbol "FSV", and are included in the S&P/TSX 60 Index. More information is available at www.firstservice.com.

Forward-looking Statements
This press release includes or may include forward-looking statements. Much of this information can be identified by words such as “expect to,” “expected,” “will,” “estimated” or similar expressions suggesting future outcomes or events. FirstService believes the expectations reflected in such forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results, performance or achievements contemplated in the forward-looking statements. Such factors include: (i) general economic and business conditions, which will, among other things, impact demand for FirstService’s services and the cost of providing services; (ii) the ability of FirstService to implement its business strategy, including FirstService’s ability to acquire suitable acquisition candidates on acceptable terms and successfully integrate newly acquired businesses with its existing businesses; (iii) changes in or the failure to comply with government regulations; and (iv) other factors which are described in FirstService’s annual information form for the year ended December 31, 2024 under the heading “Risk factors” (a copy of which may be obtained at www.sedarplus.ca) and Annual Report on Form 40-F filed with the United States Securities and Exchange Commission (a copy of which may be obtained at www.sec.gov), and subsequent filings (which factors are adopted herein). Forward-looking statements contained in this press release are made as of the date hereof and are subject to change. All forward-looking statements in this press release are qualified by these cautionary statements. Unless otherwise required by applicable securities laws, we do not intend, nor do we undertake any obligation, to update or revise any forward-looking statements contained in this press release to reflect subsequent information, events, results or circumstances or otherwise.

COMPANY CONTACTS:

D. Scott Patterson
Chief Executive Officer        
(416) 960-9566

Jeremy Rakusin
Chief Financial Officer
(416) 960-9566

FAQ

What dividend did FirstService (FSV) declare on February 3, 2026?

FirstService declared a quarterly cash dividend of US$0.305 per share. According to the company, this reflects an 11% increase from the prior US$0.275 quarterly dividend and raises the annualized rate to US$1.22.

When is the FirstService (FSV) dividend payable and who is eligible for payment?

The dividend is payable on April 7, 2026 to shareholders of record at March 31, 2026. According to the company, holders of Common Shares on the record date will receive the cash payment.

How does the new FirstService (FSV) dividend affect annual income per share?

The new quarterly rate annualizes to US$1.22 per share, up from US$1.10 last year. According to the company, this reflects ongoing dividend growth supported by free cash flow and a conservative balance sheet.

Is the FirstService (FSV) dividend taxable as an eligible dividend for Canadian shareholders?

Yes. The dividend on Common Shares is designated as an eligible dividend for Canadian income tax purposes. According to the company, this may affect Canadian tax treatment for eligible shareholders.

What does the 11% increase in FirstService (FSV) dividend indicate about the company's financial position?

The increase suggests continued cash generation and financial flexibility to return capital to shareholders. According to the company, dividend growth is supported by strong earnings and free cash flow and a conservative balance sheet.