Kroger Co (NYSE:KR) declared a quarterly dividend on Friday, January 19th, RTT News reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.125 per share on Thursday, March 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.72%.

Kroger has raised its dividend payment by an average of 13.0% annually over the last three years and has raised its dividend every year for the last 9 years. Kroger has a payout ratio of 24.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kroger to earn $1.98 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 25.3%.

Kroger (KR) traded up $0.39 on Friday, reaching $29.06. 10,559,500 shares of the company traded hands, compared to its average volume of 9,861,258. The company has a market cap of $26,220.00, a P/E ratio of 17.30, a PEG ratio of 3.76 and a beta of 0.93. Kroger has a 52 week low of $19.69 and a 52 week high of $34.99. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.31 and a current ratio of 0.85.

Kroger (NYSE:KR) last released its quarterly earnings data on Thursday, November 30th. The company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. The company had revenue of $27.75 billion during the quarter, compared to the consensus estimate of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. Kroger’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. equities analysts anticipate that Kroger will post 2.04 earnings per share for the current year.

Several research firms recently commented on KR. Citigroup raised their price objective on shares of Kroger from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, December 26th. Stephens set a $29.00 price objective on shares of Kroger and gave the stock a “hold” rating in a report on Tuesday. Zacks Investment Research downgraded shares of Kroger from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. TheStreet raised shares of Kroger from a “c+” rating to a “b” rating in a report on Wednesday, December 27th. Finally, ValuEngine downgraded shares of Kroger from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Seventeen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Kroger presently has a consensus rating of “Hold” and an average price target of $29.48.

In related news, VP Carin L. Fike sold 1,538 shares of Kroger stock in a transaction on Friday, December 1st. The shares were sold at an average price of $25.61, for a total value of $39,388.18. Following the transaction, the vice president now owns 25,956 shares in the company, valued at approximately $664,733.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Christopher T. Hjelm sold 16,530 shares of Kroger stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $27.00, for a total transaction of $446,310.00. Following the completion of the transaction, the insider now owns 243,784 shares in the company, valued at approximately $6,582,168. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,868 shares of company stock worth $1,607,426. Corporate insiders own 0.85% of the company’s stock.

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Kroger Company Profile

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.

Dividend History for Kroger (NYSE:KR)

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