Kansas City Southern (NYSE:KSU) declared a quarterly dividend on Thursday, August 16th, RTT News reports. Investors of record on Monday, September 10th will be paid a dividend of 0.36 per share by the transportation company on Wednesday, October 3rd. This represents a $1.44 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Friday, September 7th.
Kansas City Southern has increased its dividend payment by an average of 8.6% per year over the last three years and has raised its dividend every year for the last 4 years. Kansas City Southern has a dividend payout ratio of 23.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kansas City Southern to earn $6.98 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 20.6%.
Shares of NYSE KSU opened at $117.12 on Thursday. Kansas City Southern has a twelve month low of $99.47 and a twelve month high of $120.34. The firm has a market cap of $11.85 billion, a P/E ratio of 22.31, a PEG ratio of 1.46 and a beta of 0.83. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.54.
Kansas City Southern (NYSE:KSU) last announced its earnings results on Friday, July 20th. The transportation company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.02. Kansas City Southern had a net margin of 36.91% and a return on equity of 12.01%. The business had revenue of $682.40 million during the quarter, compared to the consensus estimate of $686.12 million. During the same quarter last year, the firm earned $1.33 earnings per share. Kansas City Southern’s quarterly revenue was up 4.0% on a year-over-year basis. research analysts predict that Kansas City Southern will post 6.11 EPS for the current fiscal year.
A number of brokerages recently weighed in on KSU. Zacks Investment Research downgraded shares of Kansas City Southern from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Credit Suisse Group lifted their price target on shares of Kansas City Southern from $125.00 to $126.00 and gave the company a “$111.08” rating in a research note on Monday, July 23rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $130.00 price target on shares of Kansas City Southern in a research note on Saturday, June 2nd. Loop Capital lifted their price target on shares of Kansas City Southern to $132.00 and gave the company a “buy” rating in a research note on Monday, July 23rd. Finally, Cowen reaffirmed a “hold” rating and issued a $124.00 price target on shares of Kansas City Southern in a research note on Monday, July 23rd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Kansas City Southern has a consensus rating of “Buy” and a consensus target price of $122.43.
In other news, VP Suzanne M. Grafton sold 729 shares of Kansas City Southern stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $119.78, for a total transaction of $87,319.62. Following the completion of the transaction, the vice president now directly owns 10,580 shares in the company, valued at $1,267,272.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael W. Upchurch sold 5,442 shares of Kansas City Southern stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $116.77, for a total transaction of $635,462.34. Following the transaction, the chief financial officer now owns 17,906 shares of the company’s stock, valued at $2,090,883.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,171 shares of company stock valued at $841,712. Insiders own 0.70% of the company’s stock.
About Kansas City Southern
Kansas City Southern, through its subsidiaries, provides domestic and international rail transportation services in North America. It 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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