KKR & Co. Inc. (KKR) To Go Ex-Dividend on May 15th

KKR & Co. Inc. (NYSE:KKR) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.195 per share by the asset manager on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 15th. This is a 5.4% increase from KKR & Co. Inc.’s previous quarterly dividend of $0.19.

KKR & Co. Inc. has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 5 years. KKR & Co. Inc. has a payout ratio of 11.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect KKR & Co. Inc. to earn $6.96 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 11.2%.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $99.46 on Wednesday. The business’s 50 day moving average price is $94.97 and its 200 day moving average price is $111.27. The firm has a market cap of $89.30 billion, a P/E ratio of 33.83, a P/E/G ratio of 0.89 and a beta of 1.85. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $153.87. The company has a quick ratio of 0.07, a current ratio of 0.08 and a debt-to-equity ratio of 0.70.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. The firm had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. On average, sell-side analysts expect that KKR & Co. Inc. will post 5.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

KKR has been the topic of a number of recent analyst reports. BMO Capital Markets lowered their price target on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. TD Cowen increased their price objective on shares of KKR & Co. Inc. from $102.00 to $106.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Piper Sandler decreased their price target on shares of KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a research note on Wednesday, January 28th. Finally, Barclays cut their price objective on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $134.67.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.