KBR, Inc. (NYSE:KBR) Announces Quarterly Dividend of $0.08

KBR, Inc. (NYSE:KBR) declared a quarterly dividend on Thursday, May 16th, Wall Street Journal reports. Shareholders of record on Monday, June 17th will be given a dividend of 0.08 per share by the construction company on Monday, July 15th. This represents a $0.32 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Friday, June 14th.

KBR has a dividend payout ratio of 22.1% meaning its dividend is sufficiently covered by earnings. Analysts expect KBR to earn $1.92 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 16.7%.

KBR stock traded up $0.14 during trading hours on Monday, reaching $25.08. The company had a trading volume of 1,175,400 shares, compared to its average volume of 1,448,250. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 1.67 and a beta of 1.45. KBR has a 12-month low of $13.90 and a 12-month high of $25.28. The stock has a 50-day simple moving average of $23.11. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.31 and a current ratio of 1.31.

KBR (NYSE:KBR) last issued its quarterly earnings data on Wednesday, May 1st. The construction company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. KBR had a return on equity of 12.84% and a net margin of 3.51%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.20 billion. Analysts anticipate that KBR will post 1.66 earnings per share for the current year.

Several equities research analysts recently weighed in on the company. KeyCorp lifted their price target on KBR from $24.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. Zacks Investment Research raised KBR from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Tuesday, April 2nd. TheStreet downgraded KBR from a “b” rating to a “c+” rating in a report on Monday, March 25th. ValuEngine raised KBR from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Finally, Cowen reissued a “hold” rating and issued a $23.00 target price on shares of KBR in a report on Monday, April 15th. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $24.50.

About KBR

KBR, Inc provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions to defense, space, aviation, and other programs and missions for government agencies in the United States, the United Kingdom, and Australia.

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Dividend History for KBR (NYSE:KBR)

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