KKR & Co. L.P. (NYSE:KKR) announced a dividend on Friday, February 9th, Fidelity reports. Stockholders of record on Tuesday, February 20th will be paid a dividend of 0.17 per share by the asset manager on Tuesday, March 6th. This represents a dividend yield of 0.00802265219443134%. The ex-dividend date of this dividend is Friday, February 16th.

KKR & Co. L.P. has decreased its dividend by an average of 30.9% annually over the last three years. KKR & Co. L.P. has a payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect KKR & Co. L.P. to earn $2.72 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 25.0%.

Shares of KKR & Co. L.P. (NYSE KKR) opened at $21.19 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.08. The stock has a market cap of $10,119.75, a PE ratio of 8.90, a PEG ratio of 0.64 and a beta of 1.55. KKR & Co. L.P. has a fifty-two week low of $16.77 and a fifty-two week high of $24.50.

KKR & Co. L.P. (NYSE:KKR) last issued its earnings results on Thursday, February 8th. The asset manager reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.04). The firm had revenue of $941.64 million during the quarter, compared to the consensus estimate of $367.36 million. KKR & Co. L.P. had a net margin of 30.52% and a return on equity of 9.53%. The firm’s revenue for the quarter was up 95.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share. analysts predict that KKR & Co. L.P. will post 2.56 earnings per share for the current year.

In related news, major shareholder Holdings L.P. Valueact purchased 1,450,000 shares of the stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $21.55 per share, with a total value of $31,247,500.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank upped their target price on shares of KKR & Co. L.P. from $22.00 to $23.00 and gave the company a “hold” rating in a report on Friday. Sandler O’Neill set a $22.00 target price on shares of KKR & Co. L.P. and gave the company a “hold” rating in a report on Friday. ValuEngine raised shares of KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $31.00 target price (up from $23.00) on shares of KKR & Co. L.P. in a report on Wednesday, January 10th. They noted that the move was a valuation call. Finally, TheStreet raised shares of KKR & Co. L.P. from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $24.30.

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KKR & Co. L.P. Company Profile

KKR & CO. L.P. (KKR) is a global investment firm that manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit and hedge funds. The Company’s business offers a range of investment management services to its fund investors, and provides capital markets services to its firm, its portfolio companies and third parties.

Dividend History for KKR & Co. L.P. (NYSE:KKR)

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