KBR, Inc. (NYSE:KBR) Declares Dividend Increase – $0.17 Per Share

KBR, Inc. (NYSE:KBR) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Investors of record on Friday, March 14th will be paid a dividend of 0.165 per share by the construction company on Tuesday, April 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.30%. This is a positive change from KBR’s previous quarterly dividend of $0.15.

KBR has raised its dividend by an average of 10.9% per year over the last three years. KBR has a dividend payout ratio of 13.3% meaning its dividend is sufficiently covered by earnings. Analysts expect KBR to earn $3.83 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 15.7%.

KBR Price Performance

Shares of KBR stock opened at $50.72 on Friday. KBR has a 52-week low of $49.96 and a 52-week high of $72.60. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $6.76 billion, a P/E ratio of 21.31, a P/E/G ratio of 0.87 and a beta of 0.83. The stock has a 50 day moving average price of $56.34 and a 200 day moving average price of $62.02.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on KBR shares. KeyCorp decreased their price target on KBR from $78.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. DA Davidson reaffirmed a “buy” rating and set a $84.00 target price on shares of KBR in a research report on Tuesday, November 19th. TD Cowen decreased their target price on KBR from $72.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. UBS Group lifted their target price on KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Citigroup decreased their target price on KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, KBR presently has an average rating of “Moderate Buy” and an average target price of $78.00.

KBR Company Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It 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.