Jabil Inc. (JBL) to Issue Quarterly Dividend of $0.08 on March 4th

Jabil Inc. (NYSE:JBLGet Free Report) announced a quarterly dividend on Thursday, January 25th, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be paid a dividend of 0.08 per share by the technology company on Monday, March 4th. This represents a $0.32 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date is Wednesday, February 14th.

Jabil has a dividend payout ratio of 3.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Jabil to earn $10.04 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.2%.

Jabil Stock Up 2.8 %

JBL stock opened at $139.77 on Monday. The company has a market cap of $17.83 billion, a price-to-earnings ratio of 23.85, a P/E/G ratio of 1.37 and a beta of 1.40. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.73 and a current ratio of 1.12. The business’s 50-day moving average is $126.49 and its two-hundred day moving average is $121.26. Jabil has a fifty-two week low of $74.16 and a fifty-two week high of $141.38.

Jabil (NYSE:JBLGet Free Report) last issued its quarterly earnings results on Thursday, December 14th. The technology company reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.02. The business had revenue of $8.39 billion for the quarter, compared to analysts’ expectations of $8.35 billion. Jabil had a net margin of 2.36% and a return on equity of 41.09%. The company’s revenue was down 13.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.61 EPS. As a group, analysts forecast that Jabil will post 8.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JBL. JPMorgan Chase & Co. dropped their price objective on Jabil from $150.00 to $146.00 and set an “overweight” rating for the company in a research note on Wednesday, November 29th. Barclays cut their price objective on shares of Jabil from $153.00 to $151.00 and set an “overweight” rating for the company in a report on Wednesday, January 17th. Stifel Nicolaus upped their target price on shares of Jabil from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Finally, StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $135.88.

Read Our Latest Analysis on Jabil

Insiders Place Their Bets

In related news, Director David M. Stout sold 31,300 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $123.12, for a total value of $3,853,656.00. Following the transaction, the director now directly owns 67,300 shares of the company’s stock, valued at approximately $8,285,976. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Jabil news, CEO Steven D. Borges sold 14,175 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $1,842,750.00. Following the sale, the chief executive officer now directly owns 103,086 shares of the company’s stock, valued at approximately $13,401,180. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David M. Stout sold 31,300 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $123.12, for a total value of $3,853,656.00. Following the completion of the sale, the director now owns 67,300 shares in the company, valued at approximately $8,285,976. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,658 shares of company stock valued at $7,011,771. Insiders own 2.62% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of JBL. JPMorgan Chase & Co. increased its holdings in Jabil by 71.2% in the first quarter. JPMorgan Chase & Co. now owns 6,232,495 shares of the technology company’s stock valued at $549,457,000 after buying an additional 2,591,893 shares in the last quarter. Norges Bank purchased a new position in Jabil during the fourth quarter worth approximately $102,656,000. Invesco Ltd. grew its holdings in Jabil by 230.6% in the first quarter. Invesco Ltd. now owns 1,863,230 shares of the technology company’s stock valued at $115,018,000 after purchasing an additional 1,299,593 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Jabil by 1,610.7% in the first quarter. Envestnet Asset Management Inc. now owns 1,198,451 shares of the technology company’s stock valued at $6,215,000 after buying an additional 1,128,393 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Jabil by 202.9% during the 4th quarter. Alliancebernstein L.P. now owns 823,852 shares of the technology company’s stock worth $56,187,000 after buying an additional 551,853 shares during the period. 92.88% of the stock is owned by institutional investors and hedge funds.

About Jabil

(Get Free Report)

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).

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Dividend History for Jabil (NYSE:JBL)

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