KBR, Inc. Plans Quarterly Dividend of $0.08 (KBR)
KBR, Inc. (NYSE:KBR) declared a quarterly dividend on Thursday, May 18th. Investors of record on Thursday, June 15th will be paid a dividend of 0.08 per share by the construction company on Friday, July 14th. This represents a $0.32 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Tuesday, June 13th.
KBR has raised its dividend payment by an average of 10.1% annually over the last three years. KBR has a payout ratio of 24.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect KBR to earn $1.37 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 23.4%.
Shares of KBR (NYSE:KBR) traded down 0.14% during trading on Thursday, reaching $14.47. 1,428,347 shares of the company traded hands. The firm’s market capitalization is $2.07 billion. The company has a 50 day moving average price of $14.92 and a 200 day moving average price of $15.82. KBR has a 12-month low of $12.08 and a 12-month high of $17.95.
KBR (NYSE:KBR) last posted its earnings results on Friday, April 28th. The construction company reported $0.28 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.28. KBR had a net margin of 1.64% and a return on equity of 16.67%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the firm posted $0.30 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities analysts predict that KBR will post $1.31 EPS for the current year.
In other news, CFO Mark W. Sopp acquired 5,000 shares of KBR stock in a transaction dated Tuesday, March 7th. The shares were bought at an average cost of $14.40 per share, with a total value of $72,000.00. Following the purchase, the chief financial officer now owns 42,654 shares in the company, valued at approximately $614,217.60. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Mark W. Sopp acquired 10,000 shares of KBR stock in a transaction dated Wednesday, March 8th. The stock was purchased at an average cost of $14.60 per share, for a total transaction of $146,000.00. Following the completion of the purchase, the chief financial officer now owns 42,654 shares in the company, valued at approximately $622,748.40. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.
A number of research firms have weighed in on KBR. Vertical Research raised shares of KBR from a “hold” rating to a “buy” rating in a report on Monday, May 1st. Zacks Investment Research lowered shares of KBR from a “hold” rating to a “sell” rating in a report on Monday, May 1st. TheStreet lowered shares of KBR from a “c” rating to a “d+” rating in a report on Friday, March 10th. MKM Partners reissued a “buy” rating and set a $21.00 target price on shares of KBR in a report on Wednesday, March 1st. Finally, DA Davidson reissued a “buy” rating on shares of KBR in a report on Thursday, February 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. KBR presently has a consensus rating of “Hold” and an average price target of $17.83.
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KBR Company Profile
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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