Jacobs Solutions Inc. (NYSE:J) Shareholders Set to Receive $0.36 Quarterly Dividend

Jacobs Solutions Inc. (NYSE:J) announced a quarterly dividend on Thursday, November 12th. Stockholders of record on Thursday, December 3rd will be paid a dividend of $0.36 per share on Friday, December 18th. This represents a $1.44 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, December 3rd.

Jacobs Solutions has increased its dividend by an average of 0.3% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Jacobs Solutions has a payout ratio of 20.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Jacobs Solutions to earn $8.29 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 17.4%.

Jacobs Solutions Trading Up 0.9%

Shares of NYSE J opened at $158.83 on Friday. The business has a fifty day simple moving average of $144.81 and a 200-day simple moving average of $134.68. The company has a market cap of $18.76 billion, a price-to-earnings ratio of 56.32, a P/E/G ratio of 1.98 and a beta of 0.68. Jacobs Solutions has a 12 month low of $105.68 and a 12 month high of $162.00. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10.

Jacobs Solutions Company Profile

Jacobs Solutions Inc. is a global professional services company that provides consulting, advisory, engineering, design and project and program management services. Its work spans infrastructure, water, environmental services, transportation, energy and advanced facilities, including projects for life sciences and advanced manufacturing clients. The company serves public- and private-sector clients in markets around the world. Founded in 1947 by Joseph J. Jacobs, the business grew from an engineering firm into a multinational services provider.