Kansas City Southern (NYSE:KSU) declared a quarterly dividend on Tuesday, May 21st, Wall Street Journal reports. Stockholders of record on Monday, June 10th will be paid a dividend of 0.36 per share by the transportation company on Wednesday, July 3rd. This represents a $1.44 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, June 7th.
Kansas City Southern has raised its dividend payment by an average of 4.3% per year over the last three years and has raised its dividend every year for the last 5 years. Kansas City Southern has a payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Kansas City Southern to earn $7.75 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 18.6%.
Shares of NYSE KSU opened at $118.47 on Thursday. The firm has a market capitalization of $11.99 billion, a PE ratio of 19.19, a PEG ratio of 1.16 and a beta of 0.91. Kansas City Southern has a 1 year low of $90.55 and a 1 year high of $125.92. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.36 and a quick ratio of 1.02.
Kansas City Southern (NYSE:KSU) last posted its earnings results on Wednesday, April 17th. The transportation company reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.10. The company had revenue of $674.80 million during the quarter, compared to analysts’ expectations of $669.08 million. Kansas City Southern had a net margin of 21.30% and a return on equity of 12.40%. Kansas City Southern’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $1.30 earnings per share. As a group, research analysts predict that Kansas City Southern will post 6.86 earnings per share for the current fiscal year.
KSU has been the topic of a number of research reports. Loop Capital raised their target price on shares of Kansas City Southern to $142.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Raymond James lifted their price objective on shares of Kansas City Southern from $135.00 to $140.00 and gave the stock a “strong-buy” rating in a research report on Thursday, April 18th. Zacks Investment Research raised shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Tuesday, April 23rd. Cowen reiterated a “buy” rating and issued a $136.00 target price on shares of Kansas City Southern in a research note on Wednesday, May 1st. Finally, BMO Capital Markets lifted their target price on shares of Kansas City Southern to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $127.50.
In related news, Director Lu M. Cordova sold 1,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $116.85, for a total value of $116,850.00. Following the completion of the sale, the director now owns 1,032 shares of the company’s stock, valued at approximately $120,589.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Brian D. Hancock sold 4,648 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $124.77, for a total transaction of $579,930.96. Following the sale, the executive vice president now directly owns 30,276 shares of the company’s stock, valued at approximately $3,777,536.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,285 shares of company stock valued at $3,987,116. Company insiders own 0.82% of the company’s stock.
About Kansas City Southern
Kansas City Southern, a transportation holding company, provides domestic and international rail transportation services in North America. The company serves a ten-state region in the midwest and southeast regions of the United States and has the shortest north/south rail route between Kansas City, Missouri, and ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas.
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