FirstService Increases Its Quarterly Cash Dividend From $0.275 To $0.305

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.