Jabil Inc (JBL) Plans $0.08 Quarterly Dividend

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Jabil Inc (NYSE:JBL) announced a quarterly dividend on Thursday, October 18th, RTT News reports. Investors of record on Thursday, November 15th will be given a dividend of 0.08 per share by the technology company on Monday, December 3rd. This represents a $0.32 annualized dividend and a yield of 1.27%. The ex-dividend date is Wednesday, November 14th.

Jabil has a payout ratio of 12.1% indicating that its dividend is sufficiently covered by earnings.

JBL stock traded down $0.56 during trading on Friday, hitting $25.29. 1,819,633 shares of the company’s stock traded hands, compared to its average volume of 1,692,339. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.04 and a quick ratio of 0.57. Jabil has a 52 week low of $23.04 and a 52 week high of $31.77. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 11.65 and a beta of 0.54.

Jabil (NYSE:JBL) last released its earnings results on Tuesday, September 25th. The technology company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. The firm had revenue of $5.77 billion during the quarter, compared to analyst estimates of $5.41 billion. Jabil had a net margin of 0.39% and a return on equity of 16.56%. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share.

In other Jabil news, President William E. Peters sold 13,915 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $29.48, for a total value of $410,214.20. Following the completion of the sale, the president now directly owns 511,562 shares of the company’s stock, valued at approximately $15,080,847.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alessandro Parimbelli sold 20,500 shares of the company’s stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $26.40, for a total transaction of $541,200.00. Following the completion of the sale, the chief executive officer now directly owns 339,811 shares of the company’s stock, valued at $8,971,010.40. The disclosure for this sale can be found here. Insiders sold a total of 92,245 shares of company stock valued at $2,589,070 over the last three months. 2.60% of the stock is owned by corporate insiders.

JBL has been the subject of several recent research reports. JPMorgan Chase & Co. set a $37.00 price target on shares of Jabil and gave the stock a “buy” rating in a research report on Wednesday, September 26th. TheStreet lowered shares of Jabil from a “b-” rating to a “c+” rating in a research report on Tuesday, October 9th. Finally, ValuEngine upgraded shares of Jabil from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Jabil has a consensus rating of “Hold” and a consensus target price of $32.33.

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About Jabil

Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides electronic circuit design services, such as application-specific integrated circuit design, firmware development and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).

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Dividend History for Jabil (NYSE:JBL)

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