John Bean Technologies Co. (NYSE:JBT – Get Free Report) declared a quarterly dividend on Thursday, August 8th, NASDAQ reports. Shareholders of record on Monday, August 19th will be paid a dividend of 0.10 per share by the industrial products company on Tuesday, September 3rd. This represents a $0.40 annualized dividend and a yield of 0.44%. The ex-dividend date is Monday, August 19th.
John Bean Technologies has a payout ratio of 7.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect John Bean Technologies to earn $5.66 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 7.1%.
John Bean Technologies Stock Up 0.5 %
NYSE JBT traded up $0.43 on Friday, hitting $90.43. 160,539 shares of the company were exchanged, compared to its average volume of 261,902. The company has a current ratio of 2.54, a quick ratio of 1.83 and a debt-to-equity ratio of 0.43. The stock has a fifty day moving average of $95.71 and a 200-day moving average of $96.99. The company has a market cap of $2.88 billion, a PE ratio of 4.83, a PEG ratio of 1.46 and a beta of 1.27. John Bean Technologies has a 12 month low of $88.03 and a 12 month high of $113.18.
Analyst Ratings Changes
Separately, William Blair reaffirmed a “market perform” rating on shares of John Bean Technologies in a research note on Thursday, May 2nd.
Get Our Latest Stock Report on JBT
John Bean Technologies Company Profile
John Bean Technologies Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market.
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