Latest news with #Ferguson
Yahoo
9 hours ago
- Business
- Yahoo
Washington's new cap on rent hikes set at 10% through end of 2025
(Photo by) For the rest of this year, Washington landlords are limited to rent hikes of 10% or less under a landmark new state law. House Bill 1217, signed into law this month by Gov. Bob Ferguson, restricts annual residential rent increases to 7% plus inflation, or 10%, whichever is lower. The state Department of Commerce calculated the former option as 10.8%. Since that's above the threshold, rent increases are capped at 10% through the end of 2025. The maximum allowable increase for 2026 is expected to be published in July, based on inflation data from the U.S. Bureau of Labor Statistics. The highly divisive legislation went into effect immediately after Ferguson's signature. Democrats hope the new cap provides greater predictability to tenants whose lives can be turned upside down by major rent increases. Progressives had initially pushed for a hard 7% limit, but raised it to win over moderate Democrats in the Legislature. Republicans termed the bill 'rent control' and argued it would chill development and price out small landlords. After the governor signed the new law, the Rental Housing Association of Washington said it was exploring a legal challenge. Rent hikes are no longer allowed in the first year of a tenancy under the law either. Not all rental properties are subject to the cap. New construction is not covered for its first 12 years. Public housing authorities, low-income developments, and duplexes, triplexes and fourplexes in which the owner lives in one of the units are also exempt. Notices of rent increases are now required 90 days before they go into effect, up from 60 days under previous law. Increases are capped at 5% for manufactured homes. If a landlord raises rent above the caps without an exemption, the renter must give the landlord a chance to fix the error or can terminate their lease with 20 days' notice. A tenant or the state attorney general can bring litigation to enforce compliance. The attorney general can recover up to $7,500 per violation.
Yahoo
12 hours ago
- Business
- Yahoo
Ferguson Enterprises (NYSE:FERG) Declares US$1 Dividend With Payment Set For August
On May 29, 2025, Ferguson Enterprises enhanced its shareholder value by declaring a $0.83 per share dividend. Over the past month, the stock price increased by 7.82%, which aligns with broader market trends, including the S&P and Nasdaq indices' strong performances, up 6% and 10% respectively. This indicates that the company's financial strategies, such as the regularized dividend announcement, may have bolstered investor confidence amidst positive market sentiment, despite geopolitical uncertainties like renewed U.S.-China trade tensions. While the market was gaining overall, Ferguson's performance slightly outpaced the Dow's 4% rise. Every company has risks, and we've spotted 2 risks for Ferguson Enterprises you should know about. Find companies with promising cash flow potential yet trading below their fair value. Ferguson Enterprises' recent dividend announcement is expected to further enhance its long-term shareholder value, aligning with its strategic growth initiatives in HVAC and Waterworks segments. This decision may reinforce investor confidence, as indicated by the company's 7.82% share price increase over the past month. Over the longer term, Ferguson's shares have achieved a total return of 153.45% over the past five years, underscoring its robust growth compared to its 1-year negative earnings growth of 6.9% in a challenging industry backdrop. Relative to its peers, Ferguson's 1-year performance exceeded the US Trade Distributors industry, which delivered a negative return of 14.7%. However, it underperformed compared to the overall US market's 11.5% gain. Analysts' fiscal forecasts remain positive, despite current challenges. The anticipated revenue growth of 5.6% annually reflects strategic efforts, though below the broader market expectation of 8.6%. Earnings are projected to grow 10.3% per year, but the company faces risks such as deflation and competitive pressures that could impact margins. The latest dividend may reinforce the company's revenue and earnings forecasts by solidifying investor confidence and supporting analysts' price target of approximately US$194.21. Currently, Ferguson's stock trades near US$168.66, which presents a roughly 12.9% discount to this target, suggesting potential upside should the company effectively deliver on its aggressive growth strategies while mitigating execution risks. Overall, the anticipated share repurchase program further reflects management's optimism about enhancing EPS and achieving sustained shareholder value. Assess Ferguson Enterprises' future earnings estimates with our detailed growth reports. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:FERG. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
12 hours ago
- Business
- Yahoo
Ferguson Enterprises (NYSE:FERG) Declares US$1 Dividend With Payment Set For August
On May 29, 2025, Ferguson Enterprises enhanced its shareholder value by declaring a $0.83 per share dividend. Over the past month, the stock price increased by 7.82%, which aligns with broader market trends, including the S&P and Nasdaq indices' strong performances, up 6% and 10% respectively. This indicates that the company's financial strategies, such as the regularized dividend announcement, may have bolstered investor confidence amidst positive market sentiment, despite geopolitical uncertainties like renewed U.S.-China trade tensions. While the market was gaining overall, Ferguson's performance slightly outpaced the Dow's 4% rise. Every company has risks, and we've spotted 2 risks for Ferguson Enterprises you should know about. Find companies with promising cash flow potential yet trading below their fair value. Ferguson Enterprises' recent dividend announcement is expected to further enhance its long-term shareholder value, aligning with its strategic growth initiatives in HVAC and Waterworks segments. This decision may reinforce investor confidence, as indicated by the company's 7.82% share price increase over the past month. Over the longer term, Ferguson's shares have achieved a total return of 153.45% over the past five years, underscoring its robust growth compared to its 1-year negative earnings growth of 6.9% in a challenging industry backdrop. Relative to its peers, Ferguson's 1-year performance exceeded the US Trade Distributors industry, which delivered a negative return of 14.7%. However, it underperformed compared to the overall US market's 11.5% gain. Analysts' fiscal forecasts remain positive, despite current challenges. The anticipated revenue growth of 5.6% annually reflects strategic efforts, though below the broader market expectation of 8.6%. Earnings are projected to grow 10.3% per year, but the company faces risks such as deflation and competitive pressures that could impact margins. The latest dividend may reinforce the company's revenue and earnings forecasts by solidifying investor confidence and supporting analysts' price target of approximately US$194.21. Currently, Ferguson's stock trades near US$168.66, which presents a roughly 12.9% discount to this target, suggesting potential upside should the company effectively deliver on its aggressive growth strategies while mitigating execution risks. Overall, the anticipated share repurchase program further reflects management's optimism about enhancing EPS and achieving sustained shareholder value. Assess Ferguson Enterprises' future earnings estimates with our detailed growth reports. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:FERG. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Press and Journal
15 hours ago
- Sport
- Press and Journal
Joe Harper: The transfer market Aberdeen boss Jimmy Thelin must focus on this summer
Aberdeen should look towards the Scottish market for exciting emerging talent during the summer transfer window. Manager Jimmy Thelin and his recruitment team are scouring the European leagues and beyond to strengthen the squad for next season. In the previous two transfer windows Thelin has bolstered his team with a host of impressive signings from overseas. However, the Dons must also look at Scotland because there are many hungry, ambitious young players ready to jump up and excel at the next level. A standout example of how looking to Scotland for talent can pay off there is Aberdeen's signing of Lewis Ferguson from Hamilton in 2018. Ferguson was only 18-years-old when the Dons secured him on a pre-contract in May 2018 as his deal with Hamilton was set to expire. The midfielder was sensational for Aberdeen across four seasons before moving to Italian top flight Bologna for £3million in summer 2022. Ferguson captained Bologna to Coppa Italia glory earlier this month, their first major trophy in more than 50 years. He was also named the best midfielder in Serie A in the 2023-24 season, which is a phenomenal accolade. A host of clubs have Ferguson on their radar with the view to a potential summer transfer window swoop with the midfielder valued at more than £20m. The meteoric rise of Ferguson is proof that the Scottish market can deliver gems. I signed for Aberdeen after chief scout Bobby Calder watched me score a lot of goals from the right-wing position with Morton. Aberdeen chairman Dave Cormack has already said he will back Thelin to further strengthen the Scottish Cup winning team in the summer. As part of discussions to sign a target the Dons should play a video of the triumphant Scottish Cup win and the sensational homecoming parade. And say this is what you can experience if you sign on at Aberdeen. Aberdeen's Scottish Cup winning side have written their name in the club's history books and that of the national game with a sensational win. The Dons thoroughly deserved the silverware with a superb, disciplined performance full of passion and commitment. Boss Thelin's call to switch tactics from his preferred 4-2-3-1 to a 5-3-2 was a masterstroke that paid off. Celtic were restricted to only a couple of chances and although they had a lot of possession the Hoops were never allowed to do much with it. All four penalty-kicks taken by Aberdeen in the shoot-out were also amazing. After a 35-year wait the Red Army finally got to see their club crowned Scottish Cup champions at Hampden. It means so much to the supporters and there were many tears shed at the final and also the open-top bus parade through the city centre. I am so proud of not only the Aberdeen team but also the supporters. The Dons fans were magnificent at Hampden and decked their half of the stadium in a sea of red. They also out-sang the Celtic fans for the duration of the final and really drove on and inspired Aberdeen. Reward for Aberdeen is not only that beautiful trophy now proudly displayed at Pittodrie. The Reds also secured guaranteed European group stage action next action, which will come with a Uefa cash boost of around £5million. That glorious day when Aberdeen lifted the Scottish Cup will hopefully be the springboard to further success.
Yahoo
a day ago
- General
- Yahoo
Marysville school board member arrested after fight with bar owner
MARYSVILLE, Ohio (WCMH) — A Marysville school board member was arrested over the Memorial Day weekend after an argument with the owner of a bar, according to police. Jermaine Ferguson, 34, was arrested early Saturday when he reportedly got into a fight with the owner of Stephens Lounge on Main Street after he was removed, according to an incident report. Ferguson 'appeared heavily intoxicated,' police said. As an officer was trying to separate the two, Ferguson allegedly pulled away from the officer multiple times and continued to argue with the owner. Decades-old Mexican restaurant at Easton Town Center quietly shuts down Police said Ferguson then wrestled with the officer before he was eventually taken to the ground. Ferguson told the officer that he was at the bar talking to a woman that he knew, when her brother punched him in the face, according to the incident report. The officer noted that Ferguson had dried blood on his lips. The officer asked Ferguson if he wanted to call someone to pick him up from the police department, but he said he didn't want to call his wife, according to police. Why South-Western City Schools parents are considering leaving the district In a statement to NBC4, board president Bill Keck said the board is aware of the arrest, calling it a 'personal legal matter.' Keck directed all questions to law enforcement. 'Our focus remains on serving students, families, and staff with integrity, transparency, and a strong commitment to educational excellence,' Keck said. Ferguson was charged with obstructing official business and has pleaded not guilty. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
