Kraft Heinz Co (NASDAQ:KHC) declared a quarterly dividend on Wednesday, May 22nd, Wall Street Journal reports. Shareholders of record on Friday, May 31st will be paid a dividend of 0.40 per share on Friday, June 14th. This represents a $1.60 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend is Thursday, May 30th.
Kraft Heinz has increased its dividend payment by an average of 4.0% annually over the last three years and has raised its dividend every year for the last 5 years. Kraft Heinz has a dividend payout ratio of 43.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kraft Heinz to earn $2.92 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 54.8%.
Shares of KHC traded down $0.10 during trading hours on Friday, reaching $30.31. The company had a trading volume of 11,714,085 shares, compared to its average volume of 10,906,909. The company has a quick ratio of 0.86, a current ratio of 1.22 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $36.89 billion, a PE ratio of 8.59, a P/E/G ratio of 2.91 and a beta of 0.69. Kraft Heinz has a 12-month low of $26.96 and a 12-month high of $64.99.
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About Kraft Heinz
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
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