The Kroger Co. (NYSE:KR) Increases Dividend to $0.39 Per Share

The Kroger Co. (NYSE:KRGet 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.

Kroger (NYSE:KRGet Free Report) last posted its quarterly earnings data on Thursday, June 18th. The company reported $1.58 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.01). The company had revenue of $46.12 billion during the quarter, compared to the consensus estimate of $45.59 billion. Kroger had a net margin of 0.71% and a return on equity of 44.33%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.49 earnings per share. Kroger has set its FY 2026 guidance at 5.100-5.30 EPS. On average, equities research analysts anticipate that Kroger will post 5.22 EPS for the current year.

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About Kroger

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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.

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Dividend History for Kroger (NYSE:KR)

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