The Kroger Co. (KR) to Issue Quarterly Dividend of $0.35 on June 1st

The Kroger Co. (NYSE:KR) announced a quarterly dividend on Thursday, March 12th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.35 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, May 15th.

Kroger has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 19 consecutive years. Kroger has a payout ratio of 27.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Kroger to earn $5.63 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 24.9%.

Kroger Stock Performance

Shares of Kroger stock opened at $64.63 on Wednesday. The firm has a market cap of $39.59 billion, a PE ratio of 42.24, a price-to-earnings-growth ratio of 1.72 and a beta of 0.46. The firm’s 50-day simple moving average is $70.12 and its 200-day simple moving average is $66.67. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.42 and a current ratio of 0.80. Kroger has a 1 year low of $58.60 and a 1 year high of $76.58.

Kroger (NYSE:KR) last posted its quarterly earnings results on Thursday, March 5th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.08. The business had revenue of $34.73 billion for the quarter, compared to analyst estimates of $35.10 billion. Kroger had a return on equity of 41.08% and a net margin of 0.69%.The business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 EPS. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. Equities analysts forecast that Kroger will post 5.24 earnings per share for the current fiscal year.

About Kroger

The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.

In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.