John Bean Technologies Co. (NYSE:JBT) Plans Quarterly Dividend of $0.10

John Bean Technologies Co. (NYSE:JBT) declared a quarterly dividend on Tuesday, December 3rd,Wall Street Journal reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.10 per share by the industrial products company on Friday, December 27th. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Friday, December 13th.

John Bean Technologies has a dividend payout ratio of 7.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect John Bean Technologies to earn $5.65 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 7.1%.

John Bean Technologies Stock Performance

Shares of JBT opened at $125.87 on Wednesday. John Bean Technologies has a 52 week low of $82.64 and a 52 week high of $127.31. The company has a quick ratio of 2.00, a current ratio of 2.55 and a debt-to-equity ratio of 0.41. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 1.71 and a beta of 1.24. The business has a 50-day simple moving average of $112.98 and a two-hundred day simple moving average of $100.30.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.09. The business had revenue of $453.80 million for the quarter, compared to the consensus estimate of $442.20 million. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.11 earnings per share. On average, analysts expect that John Bean Technologies will post 5.23 EPS for the current year.

John Bean Technologies Company Profile

John Bean Technologies Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market.