KKR & Co. Inc. (NYSE:KKR) Raises Dividend to $0.20 Per Share

KKR & Co. Inc. (NYSE:KKR) announced a quarterly dividend on Tuesday, May 5th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.195 per share by the asset manager on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 15th. This is a 5.4% increase from KKR & Co. Inc.’s previous quarterly dividend of $0.19.

KKR & Co. Inc. has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 5 years. KKR & Co. Inc. has a payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Analysts expect KKR & Co. Inc. to earn $6.96 per share next year, which means the company should continue to be able to cover its $0.74 annual dividend with an expected future payout ratio of 10.6%.

KKR & Co. Inc. Trading Down 1.3%

Shares of KKR & Co. Inc. stock opened at $100.71 on Wednesday. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $153.87. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.69. The company’s 50-day simple moving average is $94.23 and its 200-day simple moving average is $111.97. The firm has a market cap of $89.79 billion, a price-to-earnings ratio of 43.21, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.57%. The firm had revenue of $5.74 billion during the quarter. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 5.45 earnings per share for the current year.

KKR & Co. Inc. declared that its Board of Directors has initiated a share repurchase program on Tuesday, May 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the asset manager to repurchase up to 0.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.