The Kroger Co. (KR) To Go Ex-Dividend on November 16th

The Kroger Co. (NYSE:KR) announced a quarterly dividend on Thursday, September 17th. Investors of record on Monday, November 16th will be paid a dividend of 0.39 per share on Tuesday, December 1st. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, November 16th.

Kroger has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 19 consecutive years. Kroger has a payout ratio of 30.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kroger to earn $5.56 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 28.1%.

Kroger Stock Performance

Shares of KR stock opened at $60.07 on Friday. The stock has a market capitalization of $36.80 billion, a PE ratio of 32.65, a PEG ratio of 1.66 and a beta of 0.41. The business’s 50 day simple moving average is $57.96 and its 200 day simple moving average is $63.41. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.70 and a quick ratio of 0.31. Kroger has a one year low of $54.15 and a one year high of $76.58.

Kroger (NYSE:KR) last released its quarterly earnings results on Friday, September 11th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.04. The firm had revenue of $34.62 billion during the quarter, compared to analyst estimates of $34.64 billion. Kroger had a net margin of 0.73% and a return on equity of 49.90%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.04 EPS. Kroger has set its FY 2026 guidance at 5.100-5.300 EPS. As a group, research analysts forecast that Kroger will post 5.19 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and set a $80.00 target price on shares of Kroger in a research note on Wednesday, June 3rd. Wells Fargo & Company set a $58.00 price target on Kroger in a report on Monday, June 22nd. Guggenheim reissued a “buy” rating and issued a $66.00 price objective (down from $71.00) on shares of Kroger in a research note on Monday. The Goldman Sachs Group restated a “buy” rating and set a $82.00 target price on shares of Kroger in a research report on Friday, June 19th. Finally, Wall Street Zen cut Kroger from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Kroger Company Profile

The Kroger Co (NYSE: KR) is one of the largest grocery retailers in the United States. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates supermarkets, multi-department stores, pharmacies, convenience stores and fuel centers across the country.

Kroger sells a broad range of fresh foods, packaged groceries, household products, health and beauty items, prepared foods and general merchandise. Its private-label offerings include Simple Truth, Private Selection and Kroger brands.