Leucadia National Corp. Declares Quarterly Dividend of $0.06 (LUK)
Leucadia National Corp. (NYSE:LUK) announced a quarterly dividend on Thursday, May 25th. Investors of record on Monday, June 19th will be given a dividend of 0.0625 per share by the conglomerate on Friday, June 30th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.01%.
Leucadia National Corp. has a dividend payout ratio of 15.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Leucadia National Corp. to earn $1.53 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 16.3%.
Leucadia National Corp. (NYSE:LUK) traded down 0.36% during mid-day trading on Thursday, hitting $24.70. The company had a trading volume of 986,071 shares. The company has a market cap of $8.89 billion, a PE ratio of 14.60 and a beta of 1.31. The company’s 50 day moving average price is $25.56 and its 200-day moving average price is $24.37. Leucadia National Corp. has a one year low of $15.48 and a one year high of $27.33.
Leucadia National Corp. (NYSE:LUK) last issued its quarterly earnings results on Thursday, April 27th. The conglomerate reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. Leucadia National Corp. had a return on equity of 0.74% and a net margin of 0.70%. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.99 billion. The company’s quarterly revenue was up 42.3% compared to the same quarter last year. Equities research analysts anticipate that Leucadia National Corp. will post $1.65 EPS for the current fiscal year.
LUK has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Leucadia National Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 21st. TheStreet upgraded Leucadia National Corp. from a “c” rating to a “b” rating in a report on Friday, May 5th.
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About Leucadia National Corp.
Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value. The Company’s segments, based on requirements are Jefferies, National Beef, and Corporate and other. Jefferies is a global full-service, integrated securities and investment banking firm.
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