The Kroger Co. (KR) To Go Ex-Dividend on February 13th

The Kroger Co. (NYSE:KR) announced a quarterly dividend on Friday, January 30th. Shareholders of record on Friday, February 13th will be paid a dividend of 0.35 per share on Sunday, March 1st. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, February 13th.

Kroger has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 19 years. Kroger has a payout ratio of 27.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kroger to earn $4.72 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 29.7%.

Kroger Stock Up 1.2%

KR stock traded up $0.79 during midday trading on Wednesday, hitting $68.81. The stock had a trading volume of 2,620,150 shares, compared to its average volume of 7,049,385. The business has a 50-day moving average of $63.09 and a two-hundred day moving average of $66.12. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.88 and a quick ratio of 0.45. The firm has a market cap of $43.55 billion, a price-to-earnings ratio of 63.74, a price-to-earnings-growth ratio of 1.78 and a beta of 0.62. Kroger has a 52-week low of $58.60 and a 52-week high of $74.90.

Kroger (NYSE:KR) last posted its quarterly earnings data on Thursday, December 4th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.03 by $0.02. Kroger had a net margin of 0.54% and a return on equity of 38.06%. The business had revenue of $33.86 billion for the quarter, compared to analyst estimates of $34.27 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Kroger’s quarterly revenue was up .7% on a year-over-year basis. Kroger has set its FY 2025 guidance at 4.750-4.800 EPS. As a group, equities research analysts forecast that Kroger will post 4.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KR. Ares Financial Consulting LLC acquired a new stake in shares of Kroger in the fourth quarter valued at approximately $25,000. Princeton Global Asset Management LLC raised its position in shares of Kroger by 268.1% during the 4th quarter. Princeton Global Asset Management LLC now owns 416 shares of the company’s stock valued at $26,000 after buying an additional 303 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Kroger in the second quarter valued at approximately $28,000. Lloyd Advisory Services LLC. acquired a new stake in Kroger during the fourth quarter worth $28,000. Finally, Rossby Financial LCC acquired a new stake in Kroger during the second quarter worth $29,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Kroger Company Profile

The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.

In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.