Kraft Heinz Company (KHC) To Go Ex-Dividend on December 4th

Kraft Heinz Company (NASDAQ:KHC – Get Free Report) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.40 per share on Wednesday, December 23rd. This represents a $1.60 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, December 4th.

Kraft Heinz has a payout ratio of 59.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Kraft Heinz to earn $2.14 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 74.8%.

Kraft Heinz Stock Performance

KHC opened at $25.36 on Friday. The stock has a market cap of $30.07 billion, a P/E ratio of -8.87, a P/E/G ratio of 2.99 and a beta of 0.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68. The stock’s 50 day simple moving average is $24.02 and its 200 day simple moving average is $23.91. Kraft Heinz has a 1-year low of $21.03 and a 1-year high of $28.09.

Kraft Heinz (NASDAQ:KHC – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.11. The firm had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $6.09 billion. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%. Kraft Heinz’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. As a group, equities analysts anticipate that Kraft Heinz will post 2.06 EPS for the current fiscal year.

Key Stories Impacting Kraft Heinz

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Kraft Heinz Company Profile

(Get Free Report)

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and desserts.

The company’s brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Jell-O, Maxwell House, Lunchables, Capri Sun, Planters and Classico, among others. Products are sold through grocery stores, mass merchants, club stores, convenience retailers, e-commerce channels and foodservice distributors.

Kraft Heinz was created in 2015 through the merger of Kraft Foods Group and H.J.

Further Reading

Dividend History for Kraft Heinz (NASDAQ:KHC)

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