FirstService (TSX:FSV) Dividend Payout Ratio: 0.32 (As of Mar. 2026) — 60% Above Median


TSX:FSV FirstService Corp TSX:FSV
82 GF Score
Price C$199.77
GF Value C$275.41
Valuation Modestly Undervalued
! 3 Warning Signs
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What is FirstService Dividend Payout Ratio?

FirstService TSX:FSV +3.43% 82 Dividend Payout Ratio is 0.32 as of Mar. 2026, which is 60% above its 10-year median of 0.20. GuruFocus rates TSX:FSV with a GF Score™ of 82/100 and a GF Value™ of C$275.41 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 697 Real Estate companies, FirstService ranks better than 80.63% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. FirstService's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.32.

The historical rank and industry rank for FirstService's Dividend Payout Ratio or its related term are showing as below:

TSX:FSV' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.2   Max: 0.27
Current: 0.19

During the past 13 years, the highest Dividend Payout Ratio of FirstService was 0.27. The lowest was 0.16. And the median was 0.20.

TSX:FSV's Dividend Payout Ratio is ranked better than
80.63% of 697 companies
in the Real Estate industry
Industry Median: 0.41 vs TSX:FSV: 0.19

As of today (2026-06-27), the Dividend Yield % of FirstService is 0.78%.

During the past 13 years, the highest Trailing Annual Dividend Yield of FirstService was 1.05%. The lowest was 0.36%. And the median was 0.60%.

FirstService's Dividends per Share for the months ended in Mar. 2026 was C$0.42.

During the past 12 months, FirstService's average Dividends Per Share Growth Rate was 8.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 11.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 13.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 12.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of FirstService was 20.90% per year. The lowest was 8.80% per year. And the median was 11.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

FirstService (TSX:FSV) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

FirstService Dividend Payout Ratio Related Terms

FirstService Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for FirstService's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

FirstService Dividend Payout Ratio Chart

FirstService Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.16 0.19 0.19 0.20 0.19

FirstService Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.30 0.16 0.16 0.20 0.32

TSX:FSV vs CBRE, BEKE: Dividend Payout Ratio Comparison

For the Real Estate Services subindustry, FirstService's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

FirstService Dividend Payout Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, FirstService's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where FirstService's Dividend Payout Ratio falls into.


TSX:FSV
82GF Score
FirstService Corp TSX:FSV
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FirstService Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

FirstService's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=1.517/ 7.932
=0.19

FirstService's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.418/ 1.303
=0.32

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.32 mean?
FirstService (TSX:FSV) has a Dividend Payout Ratio of 0.32 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on FirstService and its competitors. This is 60% above median its historical median of 0.20. Over the past decade, FirstService's Dividend Payout Ratio has ranged from 0.16 to 0.27. According to the industry distribution chart, FirstService ranks #135 out of 697 companies in the Real Estate industry, placing it in the top 19.4%.
Is FirstService's Dividend Payout Ratio too high?
FirstService's current Dividend Payout Ratio of 0.32 is 60% above median its 10-year median of 0.20. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 0.27. The Real Estate industry median Dividend Payout Ratio is 0.41. FirstService's value of 0.32 is 22% below this industry median. Based on the distribution chart, FirstService ranks #135 out of 697 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, FirstService has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FirstService's Dividend Payout Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, FirstService ranks #135 out of 697 companies for Dividend Payout Ratio. This places FirstService in the top 19% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.41. FirstService's value of 0.32 is 22% below this benchmark. Historically, FirstService's own Dividend Payout Ratio has ranged from 0.16 to 0.27 over the past decade. While the company's 10-year median is 0.20 vs. the industry median of 0.41, FirstService has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Real Estate company?
The median Dividend Payout Ratio among Real Estate companies is 0.41, based on 697 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FirstService's current Dividend Payout Ratio of 0.32 is 22% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on FirstService and its competitors. For the Real Estate industry, the median Dividend Payout Ratio is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FirstService's current Dividend Payout Ratio is 0.32, which is 60% above median its own 10-year median of 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FirstService stock overvalued right now?
Based on GuruFocus' analysis, FirstService (TSX:FSV) is currently considered Modestly Undervalued. The stock's GF Value™ is C$275.41, compared to a current price of C$199.77 — trading 27.5% below its estimated fair value. The current Dividend Payout Ratio is 0.32, which is 60% above median its 10-year median of 0.20 and 22% below the Real Estate industry median of 0.41. FirstService's overall GF Score™ is 82/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For FirstService (TSX:FSV), the current Dividend Payout Ratio is 0.32 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is FirstService (TSX:FSV) Overvalued in 2026?

Based on GuruFocus' analysis, FirstService stock appears to be undervalued. The current stock price of C$199.77 is trading 27.5% below its estimated GF Value™ of C$275.41. GuruFocus considers FirstService to be Modestly Undervalued.

Key valuation signals for TSX:FSV:

  • Dividend Payout Ratio: 0.32 (60% above median its 10-year median of 0.20)
  • GF Value™: C$275.41 vs. price of C$199.77 (27.5% below fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 22% below the Real Estate median (#135 of 697)

No single metric tells the full story. See the TSX:FSV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

FirstService Business Description

Other Exchanges FSV:USA1GIA:Germany
Address 1255 Bay Street, Suite 600, Toronto, ON, CAN, M5R 2A9
FirstService Corp is engaged in outsourcing property services. The company operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high and low-rise condominiums and co-operatives. FirstService Brands generates the majority of the company's revenue and provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertaPro Painters, Floor Coverings International, and Pillar to Post Home Inspectors. The company earns the majority of its revenue in the United States, with the remaining revenue generated in Canada.
82GF Score

Get the complete analysis for TSX:FSV

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$199.77
Price
C$275.41
GF Value