KBR, Inc. (KBR) To Go Ex-Dividend on June 14th

KBR, Inc. (NYSE:KBRGet Rating) declared a quarterly dividend on Thursday, May 19th, Zacks reports. Investors of record on Wednesday, June 15th will be paid a dividend of 0.12 per share by the construction company on Friday, July 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Tuesday, June 14th.

KBR has increased its dividend payment by an average of 11.2% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. KBR has a payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect KBR to earn $3.15 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 15.2%.

Shares of KBR stock opened at $46.44 on Friday. KBR has a twelve month low of $36.71 and a twelve month high of $56.94. The stock has a market capitalization of $6.48 billion, a P/E ratio of -61.92 and a beta of 1.28. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.19. The business’s fifty day moving average price is $51.36 and its 200 day moving average price is $48.08.

KBR (NYSE:KBRGet Rating) last issued its earnings results on Thursday, April 28th. The construction company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. KBR had a positive return on equity of 23.14% and a negative net margin of 1.32%. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the firm earned $0.48 earnings per share. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, sell-side analysts predict that KBR will post 2.61 EPS for the current year.

A number of research analysts have commented on KBR shares. KeyCorp boosted their price objective on KBR from $55.00 to $66.00 in a research note on Thursday, April 14th. DA Davidson upgraded KBR from a “neutral” rating to a “buy” rating in a research note on Friday, March 4th. StockNews.com started coverage on KBR in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Stifel Nicolaus started coverage on KBR in a research note on Thursday, March 17th. They set a “buy” rating on the stock. Finally, TheStreet cut KBR from a “b+” rating to a “c” rating in a research note on Wednesday, May 11th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $55.50.

In related news, insider Gregory Sean Conlon sold 3,737 shares of the business’s stock in a transaction dated Monday, March 14th. The stock was sold at an average price of $53.74, for a total value of $200,826.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Douglas Nick Kelly sold 1,661 shares of the business’s stock in a transaction dated Friday, February 25th. The shares were sold at an average price of $48.34, for a total value of $80,292.74. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board increased its holdings in KBR by 9,360.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 946 shares of the construction company’s stock valued at $45,000 after buying an additional 936 shares during the last quarter. Penserra Capital Management LLC bought a new stake in KBR in the first quarter valued at about $112,000. Cadence Bank bought a new position in shares of KBR during the first quarter valued at approximately $200,000. Sawtooth Solutions LLC bought a new position in shares of KBR during the first quarter valued at approximately $222,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of KBR during the first quarter valued at approximately $261,000.

About KBR (Get Rating)

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. The company operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.

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Dividend History for KBR (NYSE:KBR)

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