KKR & Co. Inc. (KKR) to Issue Quarterly Dividend of $0.20 on August 25th

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

KKR & Co. Inc. has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 5 years. KKR & Co. Inc. has a dividend payout ratio of 11.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect KKR & Co. Inc. to earn $6.86 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. Price Performance

Shares of KKR & Co. Inc. stock opened at $102.68 on Friday. The stock has a market capitalization of $92.19 billion, a P/E ratio of 32.70, a PEG ratio of 0.88 and a beta of 1.78. The business has a 50 day simple moving average of $97.04 and a two-hundred day simple moving average of $98.37. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $152.10. 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. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, topping the consensus estimate of $1.43 by $0.20. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.89% and a net margin of 14.41%.During the same period in the previous year, the business earned $1.18 earnings per share. As a group, analysts predict that KKR & Co. Inc. will post 5.68 EPS for the current fiscal year.

KKR & Co. Inc. announced that its board has initiated a share buyback program on Tuesday, May 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the asset manager to reacquire up to 0.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

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.