The Kroger Co. (NYSE:KR) Announces Quarterly Dividend of $0.39

The Kroger Co. (NYSE:KR) declared a quarterly dividend on Thursday, September 17th. Investors of record on Monday, November 16th will be paid a dividend of 0.39 per share on Tuesday, December 1st. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, November 16th.

Kroger has raised its dividend 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 30.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kroger to earn $5.56 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 28.1%.

Kroger Price Performance

NYSE:KR opened at $60.70 on Friday. Kroger has a 12-month low of $54.15 and a 12-month high of $76.58. The firm has a market cap of $37.19 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth ratio of 1.67 and a beta of 0.41. The company’s 50-day moving average is $57.97 and its two-hundred day moving average is $63.43. The company has a current ratio of 0.70, a quick ratio of 0.31 and a debt-to-equity ratio of 2.59.

Kroger (NYSE:KR) last issued its quarterly earnings results on Friday, September 11th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. The business had revenue of $34.62 billion during the quarter, compared to the consensus estimate of $34.64 billion. Kroger had a net margin of 0.73% and a return on equity of 49.90%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.04 earnings per share. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. Research analysts expect that Kroger will post 5.19 EPS for the current year.

Hedge Funds Weigh In On Kroger

A number of hedge funds have recently made changes to their positions in the stock. MCF Advisors LLC grew its stake in shares of Kroger by 3.5% during the 2nd quarter. MCF Advisors LLC now owns 13,391 shares of the company’s stock valued at $744,000 after buying an additional 457 shares during the period. Engineers Gate Manager LP raised its position in shares of Kroger by 537.2% in the 2nd quarter. Engineers Gate Manager LP now owns 117,646 shares of the company’s stock worth $6,533,000 after buying an additional 99,183 shares during the period. Cidel Asset Management Inc. boosted its holdings in Kroger by 9.1% in the second quarter. Cidel Asset Management Inc. now owns 13,614 shares of the company’s stock valued at $756,000 after acquiring an additional 1,130 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Kroger by 7.4% in the second quarter. Integrated Wealth Concepts LLC now owns 22,622 shares of the company’s stock valued at $1,256,000 after acquiring an additional 1,565 shares during the last quarter. Finally, RFG Advisory LLC grew its position in Kroger by 74.4% during the second quarter. RFG Advisory LLC now owns 13,807 shares of the company’s stock valued at $767,000 after acquiring an additional 5,892 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

About Kroger

The Kroger Co (NYSE: KR) is one of the largest grocery retailers in the United States. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates supermarkets, multi-department stores, pharmacies, convenience stores and fuel centers across the country.

Kroger sells a broad range of fresh foods, packaged groceries, household products, health and beauty items, prepared foods and general merchandise. Its private-label offerings include Simple Truth, Private Selection and Kroger brands.