Korn/Ferry International (NYSE:KFY) Declares $0.55 Quarterly Dividend

Key Points

• Korn/Ferry International declared a quarterly dividend of $0.55 per share, payable October 15 to shareholders of record on September 22. The dividend yields approximately 2.7% annually, and the company has raised its payout for five consecutive years.
• The dividend appears well covered, with a current payout ratio of 37.7% and an expected future payout ratio of 34.8% based on projected earnings.
• Korn/Ferry reported quarterly earnings of $1.43 per share, exceeding analyst expectations of $1.36, while revenue of $764.62 million also topped estimates. Institutional investors own approximately 98.82% of the company’s shares.

Korn/Ferry International (NYSE:KFY - Get Free Report) declared a quarterly dividend on Tuesday, September 8th. Stockholders of record on Tuesday, September 22nd will be given a dividend of 0.55 per share by the business services provider on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 22nd.

Korn/Ferry International has increased its dividend payment by an average of 0.4%annually over the last three years and has raised its dividend every year for the last 5 years. Korn/Ferry International has a payout ratio of 37.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Korn/Ferry International to earn $6.33 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 34.8%.

Korn/Ferry International Stock Performance

Shares of KFY opened at $81.71 on Wednesday. The company has a market capitalization of $4.20 billion, a PE ratio of 15.59 and a beta of 1.19. Korn/Ferry International has a 52-week low of $58.95 and a 52-week high of $87.51. The company has a 50-day simple moving average of $80.50 and a 200-day simple moving average of $71.07. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.20.

Korn/Ferry International (NYSE:KFY - Get Free Report) last issued its earnings results on Wednesday, September 9th. The business services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.07. The company had revenue of $764.62 million for the quarter, compared to analyst estimates of $737.66 million. Korn/Ferry International had a net margin of 9.44% and a return on equity of 14.34%. During the same period in the prior year, the business posted $1.26 earnings per share. Korn/Ferry International has set its Q2 2027 guidance at 1.300-1.400 EPS. Equities research analysts predict that Korn/Ferry International will post 5.75 earnings per share for the current fiscal year.

Institutional Trading of Korn/Ferry International

Several institutional investors and hedge funds have recently made changes to their positions in KFY. California State Teachers Retirement System increased its position in Korn/Ferry International by 6,374.4% during the 2nd quarter. California State Teachers Retirement System now owns 3,995,532 shares of the business services provider's stock worth $266,023,000 after purchasing an additional 3,933,819 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Korn/Ferry International by 48.3% during the third quarter. Wellington Management Group LLP now owns 3,475,576 shares of the business services provider's stock worth $243,221,000 after buying an additional 1,132,473 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Korn/Ferry International during the second quarter worth about $43,812,000. Norges Bank acquired a new position in shares of Korn/Ferry International in the fourth quarter valued at approximately $43,163,000. Finally, Adage Capital Partners GP L.L.C. acquired a new position in shares of Korn/Ferry International in the second quarter valued at approximately $32,559,000. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Korn/Ferry International Company Profile

Korn Ferry International is a global organizational consulting firm that partners with clients to design optimal structures, roles and responsibilities. The company's core offerings include executive search, talent acquisition, leadership development and succession planning. By blending deep industry expertise with data-driven insights, Korn Ferry helps organizations identify, assess and develop executives and high-potential talent for critical roles.

Since its founding in 1969 and with headquarters in Los Angeles, Korn Ferry has expanded its presence to more than 50 offices across North America, Europe, Asia Pacific and Latin America.

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