Jacobs Solutions Inc. (NYSE:J – Get Free Report) announced a quarterly dividend on Thursday, January 29th. Investors of record on Friday, February 20th will be given a dividend of 0.36 per share on Friday, March 20th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, February 20th. This is a 12.5% increase from Jacobs Solutions’s previous quarterly dividend of $0.32.
Jacobs Solutions has raised its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Jacobs Solutions has a dividend payout ratio of 20.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Jacobs Solutions to earn $6.86 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 21.0%.
Jacobs Solutions Stock Up 2.7%
Shares of NYSE:J opened at $136.32 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market capitalization of $16.01 billion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 1.37 and a beta of 0.80. The firm’s 50-day moving average is $137.42 and its two-hundred day moving average is $144.72. Jacobs Solutions has a 1 year low of $106.23 and a 1 year high of $168.44.
Jacobs Solutions Company Profile
Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.
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