KKR & Co. Inc. (NYSE:KKR) Announces $0.19 Quarterly Dividend

KKR & Co. Inc. (NYSE:KKR) declared a quarterly dividend on Friday, November 7th. Stockholders of record on Monday, November 17th will be paid a dividend of 0.185 per share by the asset manager on Tuesday, December 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, November 17th.

KKR & Co. Inc. has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. KKR & Co. Inc. has a payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Analysts expect KKR & Co. Inc. to earn $6.56 per share next year, which means the company should continue to be able to cover its $0.74 annual dividend with an expected future payout ratio of 11.3%.

KKR & Co. Inc. Trading Down 0.7%

Shares of KKR & Co. Inc. stock traded down $0.79 on Friday, hitting $119.96. 4,359,596 shares of the company’s stock traded hands, compared to its average volume of 4,708,313. The company has a fifty day moving average of $128.26 and a two-hundred day moving average of $131.05. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company has a market capitalization of $106.93 billion, a price-to-earnings ratio of 55.80, a price-to-earnings-growth ratio of 1.33 and a beta of 1.92. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the company posted $1.38 earnings per share. As a group, sell-side analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. ESL Trust Services LLC purchased a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at approximately $26,000. GGM Financials LLC bought a new stake in KKR & Co. Inc. during the 3rd quarter valued at $27,000. Saudi Central Bank purchased a new stake in shares of KKR & Co. Inc. during the first quarter worth $28,000. Clearstead Trust LLC bought a new position in shares of KKR & Co. Inc. in the second quarter worth $28,000. Finally, Richardson Financial Services Inc. boosted its holdings in shares of KKR & Co. Inc. by 2,150.0% in the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after acquiring an additional 215 shares during the period. Institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

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.