KKR & Co. Inc. (NYSE:KKR) Declares $0.20 Quarterly Dividend

KKR & Co. Inc. (NYSE:KKR) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Monday, August 10th will be given a dividend of 0.195 per share by the asset manager on Tuesday, August 25th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, August 10th.

KKR & Co. Inc. has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 5 years. KKR & Co. Inc. has a dividend payout ratio of 11.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect KKR & Co. Inc. to earn $6.84 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 11.4%.

KKR & Co. Inc. Stock Down 0.1%

Shares of KKR & Co. Inc. stock traded down $0.14 during trading on Friday, hitting $100.84. The company’s stock had a trading volume of 3,034,492 shares, compared to its average volume of 5,902,703. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08. The company has a fifty day simple moving average of $95.84 and a two-hundred day simple moving average of $99.29. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $152.10. The company has a market capitalization of $90.54 billion, a PE ratio of 34.33, a P/E/G ratio of 0.84 and a beta of 1.79.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.20. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.95 billion. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%.During the same period last year, the company earned $1.18 earnings per share. Equities research analysts predict that KKR & Co. Inc. will post 5.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

KKR has been the subject of a number of research reports. Royal Bank Of Canada reduced their price objective on KKR & Co. Inc. from $128.00 to $125.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. TD Cowen cut their price target on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a research note on Monday, May 18th. The Goldman Sachs Group reduced their price target on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Keefe, Bruyette & Woods upgraded shares of KKR & Co. Inc. to a “moderate buy” rating in a research note on Monday, July 20th. Finally, Morgan Stanley dropped their price objective on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $129.00.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.