Kroger Company (The) (KR) to Issue Quarterly Dividend of $0.13 on December 1st
Kroger Company (The) (NYSE:KR) declared a quarterly dividend on Thursday, September 14th, RTT News reports. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.125 per share on Friday, December 1st. This represents a $0.50 annualized dividend and a yield of 2.26%. The ex-dividend date is Tuesday, November 14th.
Kroger Company (The) has raised its dividend by an average of 13.5% per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Kroger Company (The) has a payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kroger Company (The) to earn $1.91 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 26.2%.
Kroger Company (KR) opened at $22.08 on Monday. The firm has a market cap of $19,640.65, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 1.70 and a beta of 0.82. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.87 and a quick ratio of 0.33. Kroger Company has a 12 month low of $19.69 and a 12 month high of $36.44.
Kroger Company (The) (NYSE:KR) last released its quarterly earnings data on Friday, September 8th. The company reported $0.39 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The firm had revenue of $27.60 billion for the quarter, compared to analyst estimates of $27.48 billion. Kroger Company (The) had a net margin of 1.32% and a return on equity of 28.04%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 EPS. equities research analysts expect that Kroger Company will post 2 earnings per share for the current year.
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Several research firms have commented on KR. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $28.00 target price on shares of Kroger Company (The) in a research report on Tuesday, September 5th. Deutsche Bank AG reissued a “buy” rating and issued a $26.00 target price on shares of Kroger Company (The) in a research report on Tuesday, September 5th. Royal Bank Of Canada set a $34.00 target price on shares of Kroger Company (The) and gave the stock a “buy” rating in a research report on Monday, August 28th. Vetr downgraded shares of Kroger Company (The) from a “strong-buy” rating to a “buy” rating and set a $26.26 target price for the company. in a research report on Tuesday, July 25th. Finally, BidaskClub raised shares of Kroger Company (The) from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Nineteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Kroger Company (The) presently has a consensus rating of “Hold” and an average price target of $29.14.
About Kroger Company (The)
The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.
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