John Bean Technologies Corporation (JBT) Announces $0.10 Quarterly Dividend
John Bean Technologies Corporation (NYSE:JBT) declared a quarterly dividend on Wednesday, December 6th, NASDAQ reports. Shareholders of record on Monday, December 18th will be paid a dividend of 0.10 per share by the industrial products company on Friday, December 29th. This represents a $0.40 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend is Friday, December 15th.
John Bean Technologies has raised its dividend payment by an average of 5.6% per year over the last three years and has raised its dividend every year for the last 4 years. John Bean Technologies has a payout ratio of 13.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect John Bean Technologies to earn $3.69 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 10.8%.
John Bean Technologies (NYSE JBT) opened at $110.60 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.82 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $3,491.42, a price-to-earnings ratio of 38.94, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. John Bean Technologies has a 52-week low of $80.70 and a 52-week high of $120.55.
Several equities analysts have commented on the company. Zacks Investment Research raised John Bean Technologies from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a research report on Tuesday, November 28th. Bank of America lowered John Bean Technologies from a “neutral” rating to an “underperform” rating in a research report on Friday. Finally, Robert W. Baird raised their price objective on John Bean Technologies from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $105.57.
About John Bean Technologies
John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food and beverage industry with focus on proteins, liquid foods and automated system solutions. It operates through two segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures and services technologically food processing systems used for fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry.
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