Jones Lang LaSalle Incorporated (JLL) to Issue Semi-Annual Dividend of $0.37 on December 15th
Jones Lang LaSalle Incorporated (NYSE:JLL) announced a Semi-Annual dividend on Monday, November 6th, Zacks reports. Shareholders of record on Thursday, November 16th will be paid a dividend of 0.37 per share by the financial services provider on Friday, December 15th. This represents a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a boost from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35.
Jones Lang LaSalle has increased its dividend payment by an average of 13.3% per year over the last three years and has raised its dividend every year for the last 6 years. Jones Lang LaSalle has a payout ratio of 9.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Jones Lang LaSalle to earn $8.96 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 8.3%.
Shares of Jones Lang LaSalle (NYSE JLL) opened at $148.16 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.60 and a current ratio of 1.60. Jones Lang LaSalle has a 52 week low of $94.00 and a 52 week high of $148.46. The company has a market cap of $6,720.00, a PE ratio of 17.82, a price-to-earnings-growth ratio of 1.61 and a beta of 1.84.
Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Monday, November 6th. The financial services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.41. Jones Lang LaSalle had a net margin of 4.52% and a return on equity of 12.55%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the firm earned $1.42 earnings per share. The business’s quarterly revenue was up 14.2% on a year-over-year basis. equities research analysts predict that Jones Lang LaSalle will post 8.23 EPS for the current fiscal year.
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A number of research firms have commented on JLL. Royal Bank Of Canada lowered shares of Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. ValuEngine raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Zacks Investment Research raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research note on Tuesday, October 3rd. TheStreet raised shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research note on Wednesday, August 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $132.00 price objective on shares of Jones Lang LaSalle in a research note on Thursday, August 3rd. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $133.57.
Jones Lang LaSalle Company Profile
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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