Korn/Ferry International (NYSE:KFY) Declares $0.55 Quarterly Dividend

Korn/Ferry International (NYSE:KFY) declared a quarterly dividend on Monday, June 22nd. Stockholders of record on Monday, July 6th will be paid a dividend of 0.55 per share by the business services provider on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, July 6th.

Korn/Ferry International has raised its dividend by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Korn/Ferry International has a payout ratio of 37.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Korn/Ferry International to earn $5.70 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 38.6%.

Korn/Ferry International Trading Down 5.2%

KFY opened at $67.72 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 13.38 and a beta of 1.21. The business has a 50 day simple moving average of $67.98 and a two-hundred day simple moving average of $66.13. Korn/Ferry International has a one year low of $58.95 and a one year high of $78.50.

Korn/Ferry International (NYSE:KFY) last announced its quarterly earnings results on Tuesday, June 23rd. The business services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The company had revenue of $768.26 million during the quarter, compared to analyst estimates of $743.35 million. Korn/Ferry International had a return on equity of 14.36% and a net margin of 9.29%.During the same quarter last year, the firm posted $1.32 earnings per share. Analysts predict that Korn/Ferry International will post 5.29 EPS for the current year.

Korn/Ferry International Company Profile

Korn Ferry International is a global organizational consulting firm that partners with clients to design optimal structures, roles and responsibilities. The company’s core offerings include executive search, talent acquisition, leadership development and succession planning. By blending deep industry expertise with data-driven insights, Korn Ferry helps organizations identify, assess and develop executives and high-potential talent for critical roles.

Since its founding in 1969 and with headquarters in Los Angeles, Korn Ferry has expanded its presence to more than 50 offices across North America, Europe, Asia Pacific and Latin America.