KKR & Co. Inc. (NYSE:KKR) Declares Quarterly Dividend of $0.18

KKR & Co. Inc. (NYSE:KKR) announced a quarterly dividend on Tuesday, February 4th,NASDAQ Dividends reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.175 per share by the asset manager on Friday, February 28th. This represents a $0.70 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Friday, February 14th.

KKR & Co. Inc. has raised its dividend by an average of 6.6% per year over the last three years. KKR & Co. Inc. has a dividend payout ratio of 9.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect KKR & Co. Inc. to earn $6.62 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 10.6%.

KKR & Co. Inc. Trading Down 3.7 %

Shares of NYSE KKR opened at $142.45 on Wednesday. The stock has a market cap of $126.53 billion, a price-to-earnings ratio of 42.78, a PEG ratio of 1.05 and a beta of 1.67. The business has a 50 day simple moving average of $153.61 and a 200 day simple moving average of $139.98. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

Analysts Set New Price Targets

A number of brokerages have issued reports on KKR. TD Cowen upped their target price on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upped their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Citigroup upped their price target on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Finally, The Goldman Sachs Group upped their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.