KKR & Co. Inc. (NYSE:KKR) to Issue Quarterly Dividend of $0.18

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

KKR & Co. Inc. has raised its dividend by an average of 6.6% per year over the last three years. KKR & Co. Inc. has a dividend payout ratio of 9.4% indicating that its dividend is sufficiently covered by earnings. 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

KKR traded up $4.65 on Wednesday, reaching $153.95. 6,666,679 shares of the company’s stock were exchanged, compared to its average volume of 3,962,723. KKR & Co. Inc. has a twelve month low of $90.40 and a twelve month high of $170.40. The stock has a market cap of $136.75 billion, a PE ratio of 46.79, a P/E/G ratio of 0.96 and a beta of 1.67. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The stock’s fifty day moving average price is $154.42 and its 200-day moving average price is $139.03.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on KKR shares. TD Cowen increased their price target on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft increased 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. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. Evercore ISI upped their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Morgan Stanley lifted their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $160.50.

About KKR & Co. Inc.

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.