KKR & Co. Inc. (NYSE:KKR) Increases Dividend to $0.20 Per Share

Key Points

• KKR raised its quarterly dividend to $0.195 per share (about $0.20), a 5.4% increase from $0.19; shareholders of record on May 15 will be paid on May 29, reflecting an annualized yield of roughly 0.8%.
• The dividend appears sustainable—KKR has increased its payout each year for five years and carries a low 11.1% payout ratio, with analysts projecting ~$6.96 EPS next year (implying an expected payout ratio near 10.6%).
• KKR's board also authorized a $500 million share repurchase plan (about 0.5% of shares), signaling management may view the stock as undervalued.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) announced a quarterly dividend on Tuesday, May 5th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.195 per share by the asset manager on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, May 15th. This is a 5.4% increase from KKR & Co. Inc.'s previous quarterly dividend of $0.19.

KKR & Co. Inc. has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 5 years. KKR & Co. Inc. has a payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect KKR & Co. Inc. to earn $6.96 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 10.6%.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $100.71 on Wednesday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.69. The company has a fifty day simple moving average of $94.23 and a 200-day simple moving average of $111.97. The stock has a market cap of $89.79 billion, a P/E ratio of 43.21, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $153.87.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. The firm had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a return on equity of 5.57% and a net margin of 11.97%. Equities analysts expect that KKR & Co. Inc. will post 5.45 EPS for the current fiscal year.

KKR & Co. Inc. declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the asset manager to buy up to 0.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its stock is undervalued.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.

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