Jacobs Solutions Inc. (NYSE:J) Shares Will Pay Quarterly Dividend of $0.36

Jacobs Solutions Inc. (NYSE:J) announced a quarterly dividend on Thursday, November 12th. Investors of record on Thursday, December 3rd will be paid a dividend of $0.36 per share on Friday, December 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, December 3rd.

Jacobs Solutions has increased its dividend payment by an average of 0.3% annually over the last three years and has raised its dividend every year for the last 4 years. Jacobs Solutions has a dividend payout ratio of 20.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Jacobs Solutions to earn $8.29 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 17.4%.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $158.83 on Friday. The business’s fifty day simple moving average is $144.81 and its 200 day simple moving average is $134.68. The firm has a market capitalization of $18.76 billion, a P/E ratio of 56.32, a price-to-earnings-growth ratio of 1.98 and a beta of 0.68. Jacobs Solutions has a 12 month low of $105.68 and a 12 month high of $162.00. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10.

About Jacobs Solutions

Jacobs Solutions Inc. is a global professional services company that provides consulting, advisory, engineering, design and project and program management services. Its work spans infrastructure, water, environmental services, transportation, energy and advanced facilities, including projects for life sciences and advanced manufacturing clients. The company serves public- and private-sector clients in markets around the world. Founded in 1947 by Joseph J. Jacobs, the business grew from an engineering firm into a multinational services provider.