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

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

KKR & Co. Inc. has increased its dividend payment by an average of 6.6% per year over the last three years. KKR & Co. Inc. has a payout ratio of 9.5% meaning its dividend is sufficiently covered by earnings. Research 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. Stock Performance

NYSE:KKR opened at $153.95 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The stock’s fifty day moving average is $154.42 and its 200 day moving average is $139.03. KKR & Co. Inc. has a fifty-two week low of $90.40 and a fifty-two week high of $170.40. The firm has a market capitalization of $136.75 billion, a PE ratio of 46.79, a PEG ratio of 0.96 and a beta of 1.67.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KKR. The Goldman Sachs Group increased their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Evercore ISI increased their target price on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft increased their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. JMP Securities increased their target price on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods cut their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. 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.