The Kroger Co. (NYSE:KR – Get Free Report) declared a quarterly dividend on Thursday, June 25th. Investors of record on Saturday, August 15th will be given a dividend of 0.39 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, August 14th. This is a 11.4% increase from Kroger’s previous quarterly dividend of $0.35.
Kroger has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 19 consecutive years. Kroger has a payout ratio of 27.1% 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 $1.40 annual dividend with an expected future payout ratio of 25.2%.
Kroger Trading Down 1.2%
Shares of KR stock traded down $0.72 during trading hours on Thursday, reaching $57.76. The company had a trading volume of 6,302,463 shares, compared to its average volume of 9,372,065. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.79 and a quick ratio of 0.39. Kroger has a 1-year low of $55.60 and a 1-year high of $76.58. The firm has a market cap of $35.38 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 1.64 and a beta of 0.42. The company has a 50 day moving average of $64.82 and a 200 day moving average of $66.15.
More Kroger News
Here are the key news stories impacting Kroger this week:
- Positive Sentiment: Kroger raised its quarterly dividend by 11% to an annualized $1.56 per share, marking its 20th straight year of dividend increases and signaling confidence in cash flow and earnings power. Kroger’s Board of Directors Raises Quarterly Dividend by 11%
- Positive Sentiment: The company expanded its rewards program so customers can now use points for discounts on groceries in-store and online, not just fuel, which could help strengthen loyalty and drive traffic. Kroger Rewards Program Expands with New Ways to Save
- Positive Sentiment: Kroger continues to gain shelf space for exclusive and private-label items, including a limited-time M&M’s flavor, which supports higher-margin merchandising and differentiation. Kroger the only place to get limited M&M’s flavor
- Neutral Sentiment: Analysts and industry coverage continue to point to Kroger’s digital growth, retail media, and private-label efforts as potential long-term positives, but these are being balanced by margin pressure and execution concerns. Kroger Stock Is Tied to Retail Media, Private Label, and Value Trends
- Neutral Sentiment: New commentary suggests consumers are spending less on snacks and beef as inflation weighs on budgets, which reinforces the view that shoppers are value-conscious and could keep pressure on grocery spending patterns. Customers are spending less on snacks and beef amid inflation concerns
- Negative Sentiment: Recent analysis and earnings-call coverage highlight persistent concerns about rising operating costs, weaker profitability, and inconsistent store execution, which may be limiting investor enthusiasm for KR despite revenue growth. Kroger Stock Outlook Hinges on Digital Growth & Private-Label Strength
About Kroger
The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.
In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.
Recommended Stories
- Five stocks we like better than Kroger
- MDA Space Targets US Defense Market With $620M Acquisition
- Carnival’s Second Quarter: Is the Stock Still Complicated?
- Domino’s Stock Slides to 52-Week Low as Investors Digest CEO Change
- Microsoft Solves AI’s Biggest Bottleneck With Chevron Deal
Receive News & Ratings for Kroger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kroger and related companies with MarketBeat.com's FREE daily email newsletter.
