Jacobs Solutions Inc. (NYSE:J) Shareholders to Collect $0.36 Quarterly Dividend

Key Points

• Jacobs Solutions declared a quarterly dividend of $0.36 per share, payable December 18 to shareholders of record December 3. The annualized dividend is $1.44, yielding approximately 0.9%.
• The company has raised its dividend for four consecutive years. Its 20.9% payout ratio—and an expected 17.4% payout ratio based on next year’s forecast earnings—suggests the dividend is well covered.
• Institutional investors and hedge funds own 85.65% of Jacobs shares, with several firms reporting increased holdings in the third quarter.

Jacobs Solutions Inc. (NYSE:J - Get Free Report) announced a quarterly dividend on Thursday, November 12th. Investors of record on Thursday, December 3rd will be given a dividend of $0.36 per share on Friday, December 18th. This represents a $1.44 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, December 3rd.

Jacobs Solutions has increased its dividend by an average of 0.3% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Jacobs Solutions has a payout ratio of 20.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Jacobs Solutions to earn $8.29 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 17.4%.

Jacobs Solutions Stock Performance

Shares of J stock opened at $158.83 on Friday. The firm has a market capitalization of $18.76 billion, a PE ratio of 56.32, a price-to-earnings-growth ratio of 1.98 and a beta of 0.68. The firm has a fifty day simple moving average of $144.81 and a two-hundred day simple moving average of $134.68. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10. Jacobs Solutions has a 12 month low of $105.68 and a 12 month high of $162.00.

Institutional Investors Weigh In On Jacobs Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of J. Polymer Capital Management US LLC grew its stake in shares of Jacobs Solutions by 160.3% in the 3rd quarter. Polymer Capital Management US LLC now owns 9,297 shares of the company's stock worth $1,258,000 after acquiring an additional 5,725 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its position in shares of Jacobs Solutions by 2.5% during the third quarter. Resona Asset Management Co. Ltd. now owns 34,012 shares of the company's stock valued at $4,611,000 after purchasing an additional 814 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Jacobs Solutions during the third quarter valued at about $31,000. Advisors Asset Management Inc. purchased a new position in Jacobs Solutions during the third quarter worth about $10,946,000. Finally, Private Advisor Group LLC boosted its holdings in Jacobs Solutions by 105.8% during the third quarter. Private Advisor Group LLC now owns 16,205 shares of the company's stock worth $2,192,000 after purchasing an additional 8,332 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Company Profile

Jacobs Solutions Inc. is a global professional services company that provides consulting, advisory, engineering, design and project and program management services. Its work spans infrastructure, water, environmental services, transportation, energy and advanced facilities, including projects for life sciences and advanced manufacturing clients. The company serves public- and private-sector clients in markets around the world. Founded in 1947 by Joseph J. Jacobs, the business grew from an engineering firm into a multinational services provider.

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