Kraft Heinz Company (NASDAQ:KHC) Announces Quarterly Dividend of $0.40

Kraft Heinz Company (NASDAQ:KHC) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Friday, December 4th will be given a dividend of $0.40 per share on Wednesday, December 23rd. This represents a $1.60 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Friday, December 4th.

Kraft Heinz has a payout ratio of 59.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Kraft Heinz to earn $2.14 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 74.8%.

Kraft Heinz Trading Up 3.8%

Shares of KHC stock traded up $0.94 during trading hours on Wednesday, reaching $25.46. 25,267,618 shares of the stock traded hands, compared to its average volume of 15,763,997. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $30.19 billion, a PE ratio of -8.90, a PEG ratio of 2.99 and a beta of 0.12. Kraft Heinz has a 1-year low of $21.03 and a 1-year high of $28.09. The business has a fifty day moving average price of $24.00 and a 200 day moving average price of $23.90.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.11. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. During the same period last year, the business posted $0.61 earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities research analysts forecast that Kraft Heinz will post 2.06 EPS for the current year.

About Kraft Heinz

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and desserts.

The company’s brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Jell-O, Maxwell House, Lunchables, Capri Sun, Planters and Classico, among others. Products are sold through grocery stores, mass merchants, club stores, convenience retailers, e-commerce channels and foodservice distributors.

Kraft Heinz was created in 2015 through the merger of Kraft Foods Group and H.J.