Jabil, Inc. (NYSE:JBL – Get Free Report) announced a quarterly dividend on Thursday, July 16th. Stockholders of record on Friday, August 14th will be given a dividend of 0.08 per share by the technology company on Wednesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, August 14th.
Jabil has a dividend payout ratio of 3.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Jabil to earn $15.58 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 2.1%.
Jabil Stock Performance
NYSE JBL opened at $356.69 on Wednesday. The company has a market cap of $37.38 billion, a P/E ratio of 44.53, a P/E/G ratio of 1.01 and a beta of 1.30. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.66 and a current ratio of 0.98. The business’s 50 day moving average price is $343.95 and its 200-day moving average price is $310.13. Jabil has a fifty-two week low of $189.60 and a fifty-two week high of $428.93.
Insider Buying and Selling
In other Jabil news, EVP Matthew Crowley sold 94 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $345.00, for a total value of $32,430.00. Following the sale, the executive vice president owned 57,536 shares in the company, valued at $19,849,920. This trade represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.35% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Empirical Finance LLC raised its stake in shares of Jabil by 0.6% in the 1st quarter. Empirical Finance LLC now owns 5,405 shares of the technology company’s stock valued at $1,436,000 after acquiring an additional 31 shares during the period. Assetmark Inc. lifted its holdings in shares of Jabil by 10.6% during the 1st quarter. Assetmark Inc. now owns 344 shares of the technology company’s stock valued at $91,000 after acquiring an additional 33 shares in the last quarter. PenderFund Capital Management Ltd. boosted its position in Jabil by 3.3% during the 4th quarter. PenderFund Capital Management Ltd. now owns 1,257 shares of the technology company’s stock worth $287,000 after purchasing an additional 40 shares during the period. Root Financial Partners LLC boosted its position in Jabil by 11.1% during the 1st quarter. Root Financial Partners LLC now owns 432 shares of the technology company’s stock worth $115,000 after purchasing an additional 43 shares during the period. Finally, Cidel Asset Management Inc. increased its holdings in Jabil by 4.8% in the 1st quarter. Cidel Asset Management Inc. now owns 991 shares of the technology company’s stock valued at $263,000 after purchasing an additional 45 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors.
Jabil Company Profile
Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.
Founded in 1966 by William E.
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