Kraft Heinz Company Plans Quarterly Dividend of $0.40 (NASDAQ:KHC)

Kraft Heinz Company (NASDAQ:KHCGet 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.

Kraft Heinz (NASDAQ:KHCGet Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter last year, the company earned $0.69 EPS. Kraft Heinz’s revenue for the quarter was down 1.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Sell-side analysts anticipate that Kraft Heinz will post 2.07 earnings per share for the current fiscal year.

About Kraft Heinz

(Get Free Report)

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.

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Dividend History for Kraft Heinz (NASDAQ:KHC)

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