KBR, Inc. (KBR) Plans $0.08 Quarterly Dividend
KBR, Inc. (NYSE:KBR) declared a quarterly dividend on Thursday, August 10th, Wall Street Journal reports. Shareholders of record on Friday, September 15th will be paid a dividend of 0.08 per share by the construction company on Friday, October 13th. This represents a $0.32 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Thursday, September 14th.
KBR has raised its dividend payment by an average of 10.1% annually over the last three years. KBR has a payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect KBR to earn $1.35 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 23.7%.
KBR (NYSE KBR) traded down 6.41% during midday trading on Thursday, hitting $16.07. 2,958,215 shares of the stock traded hands. KBR has a 1-year low of $13.16 and a 1-year high of $17.95. The company has a 50-day moving average of $15.45 and a 200-day moving average of $15.25. The stock’s market cap is $2.25 billion.
KBR (NYSE:KBR) last announced its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. KBR had a negative net margin of 0.81% and a positive return on equity of 8.74%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the company posted $0.35 EPS. The business’s revenue was up 8.4% on a year-over-year basis. On average, equities analysts expect that KBR will post $1.36 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of KBR from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded shares of KBR from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Vertical Research upgraded shares of KBR from a “hold” rating to a “buy” rating in a research report on Monday, May 1st. Finally, TheStreet upgraded shares of KBR from a “d+” rating to a “c-” rating in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $18.22.
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KBR, Inc is a provider of professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries. The Company operates through business segments, including Technology & Consulting (T&C), Engineering & Construction (E&C), Government Services (GS), Non-strategic Business and Other.
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