KKR & Co. Inc. Plans Quarterly Dividend of $0.20 (NYSE:KKR)

KKR & Co. Inc. (NYSE:KKR) announced a quarterly dividend on Thursday, July 30th. Stockholders of record on Monday, August 10th will be paid a dividend of 0.195 per share by the asset manager on Tuesday, August 25th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, August 10th.

KKR & Co. Inc. has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. KKR & Co. Inc. has a dividend payout ratio of 11.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect KKR & Co. Inc. to earn $6.84 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 11.4%.

KKR & Co. Inc. Trading Up 0.0%

Shares of NYSE:KKR traded up $0.04 during mid-day trading on Friday, hitting $101.02. The company had a trading volume of 3,506,177 shares, compared to its average volume of 5,903,333. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $152.10. The firm has a fifty day moving average price of $95.84 and a 200 day moving average price of $99.29. The company has a market capitalization of $90.70 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 0.84 and a beta of 1.79.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.20. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period in the prior year, the firm earned $1.18 earnings per share. As a group, research analysts forecast that KKR & Co. Inc. will post 5.54 EPS for the current year.

Key Headlines Impacting KKR & Co. Inc.

Here are the key news stories impacting KKR & Co. Inc. this week:

• Positive Sentiment: Strong Q2 earnings: KKR reported second-quarter earnings of $1.63 per share, ahead of the $1.42–$1.43 analyst estimates and up from $1.18 a year earlier. Growth was driven by higher management fees, fundraising, transaction fees, and asset inflows across its asset-management and insurance businesses. KKR Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Favorable analyst revision: Barclays raised its price target for KKR from $124 to $135 and maintained an “overweight” rating. The new target implies substantial upside from the recent share price and may improve investor sentiment toward the stock.
• Neutral Sentiment: Quarterly dividend declared: KKR announced a dividend of $0.195 per share for shareholders of record on August 10, payable August 25. The payment equates to approximately $0.78 annualized and a dividend yield of about 0.8%, providing modest shareholder income. The stock’s ex-dividend date is August 10.
• Negative Sentiment: Revenue missed expectations: Quarterly revenue was $2.76 billion, below the $2.95 billion consensus estimate. Reports also noted higher expenses, which could temper the market’s reaction despite the earnings beat and continued growth in assets under management. KKR Earnings Report and Conference Call

KKR & Co. Inc. Company Profile

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.