KKR & Co. Inc. Announces Quarterly Dividend of $0.18 (NYSE:KKR)

KKR & Co. Inc. (NYSE:KKR) declared a quarterly dividend on Tuesday, February 4th,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.175 per share by the asset manager on Friday, February 28th. This represents a $0.70 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, February 14th.

KKR & Co. Inc. has raised its dividend by an average of 6.6% annually over the last three years. KKR & Co. Inc. has a dividend payout ratio of 9.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect KKR & Co. Inc. to earn $5.55 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 12.6%.

KKR & Co. Inc. Price Performance

KKR stock traded up $4.65 during midday trading on Wednesday, reaching $153.95. 6,666,679 shares of the stock were exchanged, compared to its average volume of 3,962,723. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market capitalization of $136.75 billion, a PE ratio of 46.79, a P/E/G ratio of 0.96 and a beta of 1.67. KKR & Co. Inc. has a 52 week low of $90.40 and a 52 week high of $170.40. The company has a fifty day moving average price of $154.42 and a 200 day moving average price of $139.03.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KKR shares. Citigroup lifted their target price on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Barclays cut their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Morgan Stanley upped their price target on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Finally, Oppenheimer raised their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $160.50.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.