KBR, Inc. (NYSE:KBR) to Issue Quarterly Dividend of $0.17

KBR, Inc. (NYSE:KBR) announced a quarterly dividend on Thursday, February 19th. Investors of record on Friday, March 13th will be given a dividend of 0.165 per share by the construction company on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, March 13th.

KBR has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 6 years. KBR has a payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect KBR to earn $3.83 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 17.2%.

KBR Stock Performance

KBR stock traded down $0.55 during mid-day trading on Friday, reaching $42.48. 206,892 shares of the company traded hands, compared to its average volume of 1,315,865. The firm’s fifty day moving average is $42.47 and its two-hundred day moving average is $44.78. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 1.04 and a beta of 0.51. KBR has a fifty-two week low of $39.43 and a fifty-two week high of $56.78. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.18 and a quick ratio of 1.18.

Institutional Investors Weigh In On KBR

Several large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in shares of KBR by 89.8% in the fourth quarter. Farther Finance Advisors LLC now owns 611 shares of the construction company’s stock valued at $25,000 after acquiring an additional 289 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of KBR by 207.8% during the third quarter. Hantz Financial Services Inc. now owns 594 shares of the construction company’s stock worth $28,000 after buying an additional 401 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of KBR by 432.5% in the second quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after buying an additional 493 shares during the last quarter. Bessemer Group Inc. boosted its position in KBR by 75.8% during the second quarter. Bessemer Group Inc. now owns 617 shares of the construction company’s stock worth $30,000 after acquiring an additional 266 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in KBR during the 3rd quarter valued at about $32,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

About KBR

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.