KBR, Inc. (NYSE:KBR) to Issue Quarterly Dividend of $0.17

KBR, Inc. (NYSE:KBR) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Shareholders 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 annualized dividend and a yield of 1.30%. This is an increase from KBR’s previous quarterly dividend of $0.15.

KBR has raised its dividend by an average of 10.9% annually over the last three years. KBR has a payout ratio of 13.3% meaning its dividend is sufficiently covered by earnings. Equities research 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 traded down $0.91 on Thursday, hitting $50.72. 2,029,224 shares of the company traded hands, compared to its average volume of 1,324,425. KBR has a 12-month low of $49.96 and a 12-month high of $72.60. The firm’s 50-day simple moving average is $56.50 and its 200 day simple moving average is $62.10. The company has a market cap of $6.76 billion, a P/E ratio of 21.31, a P/E/G ratio of 0.88 and a beta of 0.83. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.69.

Wall Street Analyst Weigh In

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

About KBR

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.