WK Kellogg Co (NYSE:KLG) Plans $0.16 Quarterly Dividend

WK Kellogg Co (NYSE:KLG) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Shareholders of record on Friday, May 31st will be paid a dividend of 0.16 per share on Friday, June 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, May 31st.

WK Kellogg Price Performance

NYSE KLG opened at $23.20 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.84 and a debt-to-equity ratio of 1.62. WK Kellogg has a one year low of $9.65 and a one year high of $24.63. The company has a 50-day simple moving average of $19.05 and a 200-day simple moving average of $14.63.

WK Kellogg (NYSE:KLG) last issued its earnings results on Tuesday, February 13th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The business had revenue of $651.00 million during the quarter, compared to the consensus estimate of $645.87 million. WK Kellogg’s quarterly revenue was down 2.7% compared to the same quarter last year. Equities analysts forecast that WK Kellogg will post 1.51 earnings per share for the current year.

Wall Street Analyst Weigh In

KLG has been the subject of a number of recent research reports. Stifel Nicolaus upped their price objective on WK Kellogg from $13.00 to $20.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Barclays increased their price objective on shares of WK Kellogg from $12.00 to $15.00 and gave the stock an “underweight” rating in a report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $13.45.

About WK Kellogg

WK Kellogg Co operates as a food company in the United States, Canada, and the Caribbean. It manufactures, markets, and distributes ready-to-eat cereal products primarily under the Frosted Flakes, Special K, Froot Loops, Raisin Bran, Frosted Mini-Wheats, and Kashi brands. The company was formerly known as North America Cereal Co and changed its name to WK Kellogg Co in March 2023.