The Kroger Co. (NYSE:KR) Announces Quarterly Dividend of $0.39

The Kroger Co. (NYSE:KR) declared a quarterly dividend on Thursday, September 17th. Shareholders of record on Monday, November 16th will be paid a dividend of 0.39 per share on Tuesday, December 1st. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, November 16th.

Kroger has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 19 consecutive years. Kroger has a payout ratio of 30.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kroger to earn $5.56 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 28.1%.

Kroger Trading Down 0.7%

NYSE KR opened at $60.70 on Friday. The firm’s fifty day moving average is $57.97 and its two-hundred day moving average is $63.43. Kroger has a one year low of $54.15 and a one year high of $76.58. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.31 and a current ratio of 0.70. The firm has a market cap of $37.19 billion, a PE ratio of 32.99, a P/E/G ratio of 1.67 and a beta of 0.41.

Kroger (NYSE:KR) last released its quarterly earnings results on Friday, September 11th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. Kroger had a return on equity of 49.90% and a net margin of 0.73%.The firm had revenue of $34.62 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same quarter last year, the company posted $1.04 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. Analysts expect that Kroger will post 5.19 earnings per share for the current year.

Institutional Investors Weigh In On Kroger

Hedge funds and other institutional investors have recently modified their holdings of the stock. SGL Investment Advisors Inc. acquired a new stake in shares of Kroger in the second quarter valued at approximately $2,764,000. Amundi lifted its stake in Kroger by 18.3% in the 2nd quarter. Amundi now owns 3,942,230 shares of the company’s stock valued at $218,912,000 after buying an additional 610,039 shares in the last quarter. Allstate Corp lifted its stake in Kroger by 108.5% in the 4th quarter. Allstate Corp now owns 47,991 shares of the company’s stock valued at $2,998,000 after buying an additional 24,976 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Kroger during the 2nd quarter valued at $76,633,000. Finally, Quantitative Investment Management LLC purchased a new position in Kroger during the second quarter worth $1,527,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Kroger Company Profile

The Kroger Co (NYSE: KR) is one of the largest grocery retailers in the United States. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates supermarkets, multi-department stores, pharmacies, convenience stores and fuel centers across the country.

Kroger sells a broad range of fresh foods, packaged groceries, household products, health and beauty items, prepared foods and general merchandise. Its private-label offerings include Simple Truth, Private Selection and Kroger brands.