KKR & Co. Inc. (KKR) to Issue Quarterly Dividend of $0.18 on February 28th

KKR & Co. Inc. (NYSE:KKR) announced a quarterly dividend on Tuesday, February 4th,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.175 per share by the asset manager on Friday, February 28th. This represents a $0.70 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Friday, February 14th.

KKR & Co. Inc. has raised its dividend payment by an average of 6.6% per year over the last three years. KKR & Co. Inc. has a payout ratio of 9.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect KKR & Co. Inc. to earn $5.55 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 12.6%.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $153.95 on Thursday. KKR & Co. Inc. has a 52 week low of $90.40 and a 52 week high of $170.40. The firm has a market capitalization of $136.75 billion, a P/E ratio of 46.79, a PEG ratio of 0.96 and a beta of 1.67. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average price of $154.42 and a 200-day moving average price of $139.03.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Evercore ISI boosted their price objective on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price objective for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. TD Cowen boosted their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average price target of $160.50.

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.