KKR & Co. Inc. (KKR) to Issue Quarterly Dividend of $0.18 on February 28th

KKR & Co. Inc. (NYSE:KKR) declared a quarterly dividend on Tuesday, February 4th,NASDAQ Dividends reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.175 per share by the asset manager on Friday, February 28th. This represents a $0.70 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Friday, February 14th.

KKR & Co. Inc. has increased its dividend payment by an average of 6.6% per year over the last three years. KKR & Co. Inc. has a payout ratio of 9.5% meaning its dividend is sufficiently covered by earnings. Analysts expect KKR & Co. Inc. to earn $6.62 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 10.6%.

KKR & Co. Inc. Stock Down 3.7 %

KKR stock opened at $142.45 on Wednesday. The firm’s fifty day simple moving average is $153.61 and its 200-day simple moving average is $139.98. The company has a market capitalization of $126.53 billion, a P/E ratio of 42.78, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 12 month low of $91.92 and a 12 month high of $170.40.

Analysts Set New Price Targets

Several research firms have recently commented on KKR. Wells Fargo & Company dropped their price objective on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Barclays decreased their price objective on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. JMP Securities increased their price objective on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.