KKR & Co. Inc. (NYSE:KKR) Stock to Pay Quarterly Dividend of $0.20

Key Points

• KKR declared a quarterly dividend of $0.195 per share (about $0.20), payable December 3 to shareholders of record November 19. The annualized dividend is $0.78, for a yield of roughly 0.8%.
• The dividend appears well covered: KKR has raised it for five consecutive years, and its reported payout ratio is 11.7%.
• KKR reported quarterly earnings of $1.78 per share, beating the $1.58 analyst consensus, and revenue of $4.56 billion versus expectations of $2.66 billion.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) announced a quarterly dividend on Monday, November 9th. Investors of record on Thursday, November 19th will be paid a dividend of $0.1950 per share by the asset manager on Thursday, December 3rd. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 19th.

KKR & Co. Inc. has raised its dividend by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 5 years. KKR & Co. Inc. has a payout ratio of 11.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect KKR & Co. Inc. to earn $6.68 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 11.7%.

KKR & Co. Inc. Trading Up 1.6%

Shares of KKR stock opened at $98.06 on Tuesday. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $144.84. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. The stock's fifty day moving average is $95.80 and its two-hundred day moving average is $98.20. The firm has a market capitalization of $88.03 billion, a P/E ratio of 31.23, a PEG ratio of 0.78 and a beta of 1.72.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Monday, November 9th. The asset manager reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.58 by $0.20. The business had revenue of $4.56 billion during the quarter, compared to analysts' expectations of $2.66 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same period in the prior year, the business earned $1.41 earnings per share. Research analysts expect that KKR & Co. Inc. will post 7.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Dane Holmes sold 10,000 shares of the company's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the completion of the sale, the insider directly owned 8,513 shares of the company's stock, valued at approximately $924,341.54. This represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 23.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Joseph Group Capital Management boosted its holdings in KKR & Co. Inc. by 29.4% during the third quarter. Joseph Group Capital Management now owns 471 shares of the asset manager's stock worth $43,000 after buying an additional 107 shares during the last quarter. Ausdal Financial Partners Inc. boosted its stake in KKR & Co. Inc. by 4.4% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 2,645 shares of the asset manager's stock worth $243,000 after acquiring an additional 112 shares during the last quarter. Silver Grove Financial Group Inc. increased its holdings in shares of KKR & Co. Inc. by 34.3% in the third quarter. Silver Grove Financial Group Inc. now owns 466 shares of the asset manager's stock worth $43,000 after acquiring an additional 119 shares in the last quarter. Eastern Bank raised its position in shares of KKR & Co. Inc. by 28.1% during the third quarter. Eastern Bank now owns 547 shares of the asset manager's stock worth $50,000 after purchasing an additional 120 shares during the period. Finally, Sunbelt Securities Inc. raised its position in shares of KKR & Co. Inc. by 3.6% during the first quarter. Sunbelt Securities Inc. now owns 3,991 shares of the asset manager's stock worth $369,000 after purchasing an additional 140 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Company Profile

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