KBR, Inc. (NYSE:KBR) to Issue Dividend Increase – $0.17 Per Share

KBR, Inc. (NYSE:KBR) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Investors of record on Friday, March 14th will be paid a dividend of 0.165 per share by the construction company on Tuesday, April 15th. This represents a $0.66 annualized dividend and a dividend yield of 1.30%. This is a boost from KBR’s previous quarterly dividend of $0.15.

KBR has increased its dividend by an average of 10.9% per year over the last three years. KBR has a payout ratio of 13.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect KBR to earn $3.83 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 15.7%.

KBR Stock Down 1.8 %

Shares of KBR stock traded down $0.91 on Thursday, reaching $50.72. The company’s stock had a trading volume of 2,029,224 shares, compared to its average volume of 1,324,425. KBR has a 52 week low of $49.96 and a 52 week high of $72.60. The firm’s fifty day simple moving average is $56.50 and its two-hundred day simple moving average is $62.10. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 0.88 and a beta of 0.83.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Citigroup lowered their target price on shares of KBR from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. KeyCorp lowered their price objective on shares of KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. UBS Group lifted their target price on shares of KBR from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. TD Cowen reduced their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, DA Davidson restated a “buy” rating and issued a $84.00 price objective on shares of KBR in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

KBR Company Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.