Kraft Heinz Company (NASDAQ:KHC – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Friday, September 4th will be paid a dividend of 0.40 per share on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Friday, September 4th.
Kraft Heinz has a payout ratio of 59.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Kraft Heinz to earn $2.13 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 75.1%.
Kraft Heinz Trading Down 3.4%
NASDAQ:KHC opened at $25.73 on Thursday. The stock has a fifty day moving average price of $24.61 and a 200 day moving average price of $23.74. The company has a current ratio of 1.20, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. Kraft Heinz has a 12-month low of $21.03 and a 12-month high of $28.10. The firm has a market cap of $30.51 billion, a PE ratio of -5.29 and a beta of 0.08.
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.
See Also
- Five stocks we like better than Kraft Heinz
- Why Analysts Are Bullish on a Stock That’s Down 20%
- SpaceX: Love the Company, But the Stock Is a Harder Call
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter.
