KKR & Co. Inc. (NYSE:KKR) Declares Quarterly Dividend of $0.19

Key Points

• KKR & Co. Inc. raised its quarterly dividend to $0.19 per share, representing a 5.7% increase from the previous $0.18 dividend, with an annualized yield of 0.49%.
• The company's dividend payout ratio stands at 11.1%, indicating a strong capacity to maintain dividends based on projected earnings of $6.56 per share for next year.
• Chairman Henry R. Kravis and co-chairman George R. Roberts recently sold significant shares, resulting in a decrease of their ownership by approximately 1.55% and 1.43%, respectively.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) announced a quarterly dividend on Thursday, July 31st, RTT News reports. Stockholders of record on Monday, August 11th will be paid a dividend of 0.185 per share by the asset manager on Tuesday, August 26th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. This is a 5.7% increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18.

KKR & Co. Inc. has a payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect KKR & Co. Inc. to earn $6.56 per share next year, which means the company should continue to be able to cover its $0.74 annual dividend with an expected future payout ratio of 11.3%.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR traded down $4.00 during midday trading on Friday, reaching $142.58. The company's stock had a trading volume of 5,750,296 shares, compared to its average volume of 3,339,840. The business's fifty day simple moving average is $133.14 and its 200-day simple moving average is $128.43. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market capitalization of $126.99 billion, a P/E ratio of 66.32, a P/E/G ratio of 1.63 and a beta of 1.87. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.42% and a net margin of 12.95%. During the same period last year, the company earned $1.09 earnings per share. As a group, equities research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm's business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.