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Ferguson PLC ( (FERG) ) has shared an announcement.
Ferguson Enterprises has confirmed that the $0.89 per share dividend it previously announced for payment on February 27, 2026, to shareholders of record on January 2, 2026, will be distributed to holders of Depositary Interests in pounds sterling by default. Participants within the CREST system can elect an alternative currency, with the company setting an indicative GBP/USD exchange rate of 1.3641 for those choosing to receive the payout in sterling, clarifying the cash value of the dividend for U.K.-based investors and cross-listed shareholders.
The move provides greater transparency for Ferguson’s international investor base, particularly those holding the stock through London’s CREST settlement system, by locking in the reference rate used to translate the U.S. dollar dividend into pounds. This step helps shareholders better assess the precise income they will receive in local currency terms and underscores the company’s continuing effort to cater to both its U.S. and U.K. listings and associated investor constituencies.
More about Ferguson PLC
Ferguson Enterprises Inc., listed on the NYSE and LSE under the ticker FERG, operates in the building materials and plumbing distribution sector, supplying professional contractors and customers with a wide range of infrastructure, construction and maintenance products across its core North American markets.
Learn more about FERG stock on TipRanks’ Stock Analysis page.