Kraft Heinz Company (NASDAQ:KHC – Get Free Report) announced a quarterly dividend on Wednesday, February 11th. Stockholders of record on Friday, March 6th will be given a dividend of 0.40 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, March 6th.
Kraft Heinz has a payout ratio of 59.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Kraft Heinz to earn $2.82 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 56.7%.
Kraft Heinz Trading Up 0.4%
KHC stock opened at $24.99 on Thursday. The company has a quick ratio of 0.73, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. Kraft Heinz has a twelve month low of $21.99 and a twelve month high of $33.35. The company has a market cap of $29.58 billion, a P/E ratio of -6.70 and a beta of 0.08. The business has a fifty day moving average of $24.00 and a 200-day moving average of $25.37.
About Kraft Heinz
The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.
Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.
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