KKR & Co. Inc. (KKR) To Go Ex-Dividend on May 15th

KKR & Co. Inc. (NYSE:KKR) announced a quarterly dividend on Tuesday, May 5th. Investors of record on Friday, May 15th will be paid a dividend of 0.195 per share by the asset manager on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 15th. This is a 5.4% increase from KKR & Co. Inc.’s previous quarterly dividend of $0.19.

KKR & Co. Inc. has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. KKR & Co. Inc. has a dividend payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Analysts expect KKR & Co. Inc. to earn $6.96 per share next year, which means the company should continue to be able to cover its $0.74 annual dividend with an expected future payout ratio of 10.6%.

KKR & Co. Inc. Trading Down 1.1%

NYSE KKR opened at $100.85 on Thursday. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $153.87. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $89.91 billion, a PE ratio of 34.30, a P/E/G ratio of 0.89 and a beta of 1.85. The stock has a 50-day simple moving average of $94.40 and a 200 day simple moving average of $111.85.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. The company had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.50%. Research analysts forecast that KKR & Co. Inc. will post 5.45 EPS for the current year.

Insider Buying and Selling

In other news, CEO Scott C. Nuttall acquired 125,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was acquired at an average price of $102.66 per share, with a total value of $12,832,500.00. Following the completion of the transaction, the chief executive officer directly owned 15,503,748 shares of the company’s stock, valued at $1,591,614,769.68. This trade represents a 0.81% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy R. Barakett acquired 50,000 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 4th. The shares were purchased at an average price of $94.47 per share, for a total transaction of $4,723,500.00. Following the completion of the purchase, the director directly owned 285,000 shares of the company’s stock, valued at approximately $26,923,950. This represents a 21.28% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 393,872 shares of company stock valued at $40,090,679. Company insiders own 23.20% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

A number of institutional investors and hedge funds have recently made changes to their positions in the company. ESL Trust Services LLC acquired a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at $26,000. Asset Dedication LLC acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter worth $26,000. GGM Financials LLC acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter worth $27,000. Washington Trust Advisors Inc. bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $27,000. Finally, Elyxium Wealth LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $27,000. Institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

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.