Kroger Co (NYSE:KR) announced a quarterly dividend on Friday, January 19th, RTT News reports. Investors of record on Thursday, February 15th will be given a dividend of 0.125 per share on Thursday, March 1st. This represents a $0.50 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Wednesday, February 14th.

Kroger has increased its dividend by an average of 13.0% annually over the last three years and has increased its dividend annually for the last 9 consecutive years. Kroger has a payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kroger to earn $2.05 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 24.4%.

Shares of Kroger (NYSE:KR) opened at $27.20 on Tuesday. The company has a market cap of $24,378.47, a price-to-earnings ratio of 14.26, a P/E/G ratio of 4.50 and a beta of 0.95. The company has a current ratio of 0.85, a quick ratio of 0.31 and a debt-to-equity ratio of 2.11. Kroger has a 52-week low of $19.69 and a 52-week high of $34.75.

Kroger (NYSE:KR) last released its quarterly earnings results on Thursday, November 30th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.04. The company had revenue of $27.75 billion for the quarter, compared to analyst estimates of $27.48 billion. Kroger had a net margin of 1.31% and a return on equity of 28.60%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business earned $0.41 earnings per share. equities analysts expect that Kroger will post 2.04 EPS for the current year.

In other news, VP Michael Joseph Donnelly sold 40,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $30.64, for a total value of $1,225,600.00. Following the transaction, the vice president now directly owns 319,124 shares of the company’s stock, valued at $9,777,959.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Carin L. Fike sold 1,538 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $25.61, for a total transaction of $39,388.18. Following the completion of the transaction, the vice president now directly owns 25,956 shares in the company, valued at $664,733.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 117,868 shares of company stock worth $3,403,416. Insiders own 0.87% of the company’s stock.

Several research firms recently commented on KR. Wells Fargo & Co restated an “outperform” rating and set a $26.00 price target on shares of Kroger in a research report on Friday, November 3rd. Zacks Investment Research lowered shares of Kroger from a “hold” rating to a “strong sell” rating in a research report on Monday, October 16th. Goldman Sachs Group reiterated a “neutral” rating and issued a $22.00 target price on shares of Kroger in a research report on Tuesday, November 14th. BMO Capital Markets set a $29.00 target price on shares of Kroger and gave the company a “hold” rating in a research report on Friday, December 1st. Finally, Moffett Nathanson assumed coverage on shares of Kroger in a research report on Monday, December 4th. They issued a “buy” rating on the stock. Seventeen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Kroger presently has a consensus rating of “Hold” and a consensus target price of $29.52.

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About Kroger

The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.

Dividend History for Kroger (NYSE:KR)

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