KBR, Inc. (NYSE:KBR) to Issue Quarterly Dividend of $0.17

KBR, Inc. (NYSE:KBR) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.165 per share by the construction company on Tuesday, April 15th. This represents a $0.66 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Friday, March 14th. This is a boost from KBR’s previous quarterly dividend of $0.15.

KBR has a payout ratio of 13.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect KBR to earn $3.83 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 15.7%.

KBR Stock Performance

KBR opened at $49.08 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.07 and a quick ratio of 1.07. The company has a 50 day simple moving average of $56.16 and a two-hundred day simple moving average of $61.92. KBR has a 1-year low of $48.66 and a 1-year high of $72.60. The firm has a market cap of $6.54 billion, a P/E ratio of 20.62, a PEG ratio of 0.86 and a beta of 0.83.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on KBR shares. Citigroup dropped their target price on shares of KBR from $82.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. UBS Group upped their price target on shares of KBR from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. KeyCorp decreased their price target on shares of KBR from $78.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. DA Davidson reaffirmed a “buy” rating and set a $84.00 price target on shares of KBR in a research note on Tuesday, November 19th. Finally, TD Cowen decreased their price target on shares of KBR from $72.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, KBR currently has an average rating of “Moderate Buy” and an average price target of $78.00.

About KBR

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.