KKR & Co. Inc. (NYSE:KKR) to Issue Quarterly Dividend of $0.18

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

KKR & Co. Inc. has raised its dividend payment by an average of 6.6% per year over the last three years. KKR & Co. Inc. has a dividend payout ratio of 9.4% meaning its dividend is sufficiently covered by earnings. 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

KKR & Co. Inc. stock traded up $4.65 during midday trading on Wednesday, reaching $153.95. 6,666,679 shares of the company’s stock were exchanged, compared to its average volume of 3,962,723. 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 50-day simple moving average is $154.42 and its 200 day simple moving average is $139.03. The firm has a market cap of $136.75 billion, a price-to-earnings ratio of 46.79, a P/E/G ratio of 0.96 and a beta of 1.67. KKR & Co. Inc. has a 52 week low of $90.40 and a 52 week high of $170.40.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company reduced their target price on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. The Goldman Sachs Group lifted their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Oppenheimer upped their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods dropped their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $160.50.

About KKR & Co. Inc.

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.