The Kroger Co. (NYSE:KR) Plans Quarterly Dividend of $0.39

The Kroger Co. (NYSE:KR) announced a quarterly dividend on Thursday, September 17th. Stockholders of record on Monday, November 16th will be given a dividend of 0.39 per share on Tuesday, December 1st. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, November 16th.

Kroger has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 19 years. Kroger has a dividend payout ratio of 30.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Kroger to earn $5.56 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 28.1%.

Kroger Price Performance

Shares of Kroger stock opened at $60.74 on Friday. The stock has a market capitalization of $37.21 billion, a P/E ratio of 32.97, a PEG ratio of 1.67 and a beta of 0.41. The company has a current ratio of 0.70, a quick ratio of 0.31 and a debt-to-equity ratio of 2.59. The business’s fifty day moving average price is $57.97 and its 200 day moving average price is $63.43. Kroger has a twelve month low of $54.15 and a twelve month high of $76.58.

Kroger (NYSE:KR) last issued its quarterly earnings data on Friday, September 11th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. Kroger had a return on equity of 49.90% and a net margin of 0.73%.The company had revenue of $34.62 billion for the quarter, compared to analysts’ expectations of $34.64 billion. During the same quarter in the previous year, the firm posted $1.04 earnings per share. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. As a group, research analysts anticipate that Kroger will post 5.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KR has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft set a $68.00 target price on Kroger in a report on Wednesday, September 9th. UBS Group reaffirmed a “neutral” rating on shares of Kroger in a report on Friday, September 4th. Telsey Advisory Group cut their price objective on shares of Kroger from $78.00 to $75.00 and set an “outperform” rating on the stock in a research report on Monday. JPMorgan Chase & Co. decreased their target price on shares of Kroger from $72.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, June 11th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Kroger in a research note on Monday, June 1st. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Kroger currently has an average rating of “Moderate Buy” and an average target price of $69.00.

About Kroger

The Kroger Co (NYSE: KR) is one of the largest grocery retailers in the United States. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates supermarkets, multi-department stores, pharmacies, convenience stores and fuel centers across the country.

Kroger sells a broad range of fresh foods, packaged groceries, household products, health and beauty items, prepared foods and general merchandise. Its private-label offerings include Simple Truth, Private Selection and Kroger brands.