KBR, Inc. (KBR) to Issue Quarterly Dividend of $0.17 on April 15th

KBR, Inc. (NYSE:KBR) announced a quarterly dividend on Thursday, February 19th. Stockholders of record on Friday, March 13th will be paid a dividend of 0.165 per share by the construction company on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, March 13th.

KBR 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 6 years. KBR has a dividend payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect KBR to earn $3.83 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 17.2%.

KBR Trading Down 0.6%

KBR stock opened at $42.75 on Friday. KBR has a 52 week low of $39.43 and a 52 week high of $56.78. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market capitalization of $5.43 billion, a PE ratio of 14.69, a PEG ratio of 1.06 and a beta of 0.51. The business’s 50-day simple moving average is $42.46 and its 200-day simple moving average is $44.74.

Institutional Trading of KBR

Institutional investors have recently made changes to their positions in the business. Morgan Stanley raised its position in KBR by 343.5% in the fourth quarter. Morgan Stanley now owns 2,748,597 shares of the construction company’s stock worth $110,494,000 after purchasing an additional 2,128,895 shares in the last quarter. Norges Bank bought a new stake in shares of KBR in the 2nd quarter valued at approximately $92,565,000. Wellington Management Group LLP raised its holdings in shares of KBR by 1,611.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,974,327 shares of the construction company’s stock worth $93,366,000 after buying an additional 1,858,961 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of KBR in the 3rd quarter worth approximately $54,038,000. Finally, Boston Partners lifted its position in shares of KBR by 25.6% during the 2nd quarter. Boston Partners now owns 5,506,603 shares of the construction company’s stock worth $264,474,000 after buying an additional 1,122,076 shares during the period. 97.02% of the stock is currently owned by institutional investors and hedge funds.

About KBR

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.